Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The largest diamond ever cut in Russia – a 100.94 carat stone called the Alrosa Spectacle – will be auctioned in Geneva later this month.
The diamond could fetch between 12 and 18 million Swiss francs ($19.96 million) when it goes under the hammer at Christie’s on May 12.
“This fantastic 100 carat D color diamond was cut from a rough stone that originally weighed more than 200 carats. It was called the Sergei Diaghilev rough diamond and it was mined in 2016,” Marie-Cecile Cisamolo, a specialist in the auction house’s jewellery department, said.
“Between the rough and diamond that we’re offering today, it took one year and eight months to cut into this perfect stone.”
The diamond is one of 144 lots on offer in the sale, which also includes rings, earrings, brooches and other pieces made with diamonds, sapphires and rubies.
($1 = 0.9020 Swiss francs)
(By Denis Balibouse and John Revill; Editing by Philippa Fletcher)
Comments