Massive Russian diamond levels of 242 carats after auction block

You need deep pockets to bid on this bling.

A 242-carat massive diamond will ship to the auction block in Dubai next month. The bid starts at more than $ 2 million.

Russian state-owned diamond producer Alrosa, the world’s largest producer of rough diamonds, is offering the jewel at its 100th international auction in Dubai on March 22.

The crystal-clear rough diamond is about the same size as a small egg, making it one of the largest stones Alrosa has mined this century, the company said.

‘Rough diamonds, which can possibly cut a cut diamond of more than 100 carats, are extremely rare in nature. Even less such jewelery is offered, “said Alrosa sales manager Evgeny Agureev in a statement.

An employee handles a rare 242-carat rough diamond.
An employee handles a rare 242-carat rough diamond.
REUTERS / Tatyana Makeyeva

The diamond was mined more than a decade ago, but according to Russian law, diamonds of more than 50 carats must first be offered at the country’s state repository.

The auction comes months after an “incredibly rare” 14.8-carat purple-pink Russian stone was auctioned for more than $ 26 million.

An employee handles the rare 242-carat rough diamond.
An employee handles the rare 242-carat rough diamond.
REUTERS / Tatyana Makeyeva

Large diamonds mined in Asia are still pale in size to jewels excavated in Africa.

The largest diamond in the world – a Cullinan of 3,106 carats – was found in South Africa in 1905.

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