Thursday, November 16, 2006

Smolensk Kristall Offers its Most Expensive Diamond Ever

Smolensk Kristall put on display its most expensive diamond manufactured in the company’s over 40 years of history. Estimated at around $1.3 million, the unique emerald-cut diamond weighs 33.64 carat was cut from a 68.28 carats rough diamond.

The diamond was presented by the Russian DTC Sightholder at the Jewellers Guild Show held in Moscow earlier this month.

Kristall purchased the rough diamond at an international auction for diamonds weighing over 10.8 carats run by Alrosa, the biggest Russian diamond producer.

A state-owned corporation established in 1963, Kristall’s 2005 sales increased 11.19 percent to $347 million.

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