Pavel Vinikhin, Director of DIAMONDS ALROSA, the company’s polishing branch, visited Israel on Thursday and sat down with IDEX to discuss the purpose of his visit.
What is the purpose of your visit?
We came here to showcase our unique collection of polished diamonds, under the name of Dynasty, to Israeli clients. The collection will be sold at the special online auction in November. Given the long-term partnership between ALROSA and Israel diamond industry, we gave Israeli clients an opportunity to see the collection first-hand before the auction in their own country.
Because the modern diamond market is global and clients usually travel a lot and have offices in different parts of the world, many of them have already seen the collection in Russia and Hong Kong. However, some customers asked to show the collection in Israel, so that is why we are here.
How would you describe the collection?
The collection is really unique, so it awakens lots of emotions in people. Firstly, it has a really stunning diamond as the centerpiece – 51-carat, D color, VVS1 clarity and Triple Excellent cut. It is the clearest and the most expensive polished diamond ever produced in Russia. The characteristics of the stone (as well as the other four in the collection) are confirmed in the GIA certificates supplied with them. Less than 1% of all the polished stones in the world have comparable parameters.
Add to this, our clients from all over the world are really impressed by the fact that all five diamonds are made from one rough stone weighing 179-carat from the Nyurbinskaya kimberlite pipe in Yakutia. This fact, together with the polished diamonds’ characteristics, proves the mastership of our polishers. It took us a long time (18 months) to plan and create the collection from one rough stone. At the very beginning, seeing the high characteristics of the rough diamond, we set ourselves an ambitious task: to obtain the largest diamond as possible with the best possible characteristics. We immediately realized that we were going to produce a round stone weighing more than 50 carats. The other stones were “born” while processing.
The collection is continuing its international tour. After Israel, it will go to New York in November. At the moment we are not ready to announce the starting price for the auction, but will be ready after the New York. The stones will be sold separately (not in a set), and each stone will have its own price.
The Dynasty is our first experience of creating a unique collection of polished diamonds. Definitely, we have to look at the results of the auction. But the high interest coming from the customers as well as the high opinions they give to the stones – all these factors allow us to believe that we will get a good price. Moreover, such unique diamonds as the Dynasty collection are always in demand and are not subject to market volatility. Now we realize that this is the first but certainly not the last collection. In In the future we will create unique single stones and collections of white and colored stones. We understand that it will be an integral part of the strategy of the ALROSA polishing division. Actually, at the moment DIAMONDS ALROSA experts are studying a few large rough diamonds for it.
“In In the future we will create unique single stones and collections of white and colored stones. We understand that it will be an integral part of the strategy of the ALROSA polishing division.”