Mouawad Group jewelry company acquires the most expensive and largest Russian diamond
The most expensive diamond in the history of ALROSA company was purchased by the Mouawad Group jewelry house. The company reported on the sale in early August, but the name of the buyer was not revealed.
The Mouawad Group jewelry house has acquired the Dynasty diamond, a representative of ALROSA informed RBC.
Dynasty diamond, sold at auction on August 2, became the most expensive stone in the history of the company.
The Dynasty stone, a 51.38-carat traditional round brilliant-cut diamond, D colour (colorless), VVS1 clarity (with no inclusions), is the purest of all large diamonds manufactured throughout the Russian jewellery history.
The Dynasty diamond was obtained from a giant diamond weighing 179 carats, found in a kimberlite pipe Nyurbinskaya in 2015. In total, five diamonds were produced from this diamond: Sheremetevs (16.67 carats), Orlovs (5.05 carats), Yusupovs (1.39 carats), pear-shaped diamonds Vorontsovs (1.73 carats) and Dynasty, which bears the name of the entire collection of five stones.
ALROSA did not disclose the value of the diamond but stated that had raised $10 million for the entire collection.
Mouawad is the jewelry trading house, which is presented in Geneva and Dubai; it is owned by the fourth generation of the founder David Mouawad. It produces jewelry, exclusive watches, accessories and other luxury items.
In addition to the jewelry house, the Mouawad Group includes companies that operate in the construction, food processing, development areas. The company's headquarters are located in the capital of Jordan, Amman.
Initially, the defendants in the case had been charged with embezzlement through swindling in the amount of 225 million rubles ($3.3 million). In the final version of the indictment, the article was changed to 1.5-billion-ruble ($22.45 million) embezzlement.