JSC Mariyinskiy Mine managed by RT Capital LLC of Rostec State Corporation put up for the open auction 34 kg of emeralds and alexandrites of the best quality and color. The starting price of the three lots is USD 2 million. It is the first time when the company provides a batch of precious stones of such quality and amount. The bidding will take place at the e-platform of St. Petersburg Exchange on 14 July 2021.
The first lot weighs 8,964g and is initially priced at USD 1.52 million, being composed of raw emeralds of the highest specifications. This includes most valuable stone of 388g, the etalon first color and first grade, worth USD 245,000. The Gokhran of Russia (State Institution on Formation of the State Fund of Precious Metals and Precious Stones of the Russian Federation, Storage, Release and Use of Precious Metals and Precious Stones) classifies the gem as unique emerald.
The second lot weighs 23,847g with the starting price of USD 458,000 and is composed of raw natural emeralds of the first color and third grade. Gemstones like these are most required in jewelry.
The third lot represents the most valuable and rare gemstones – alexandrites. The bidding will feature 146g with the starting price of USD 3,500. The lot will represent raw gemstones of the first and second grade and two degrees of the alexandrite effect.
This auction is an unprecedented one because of gemstone amounts, values, grades, and quality offered. It is the first time when gem cutters and jewelers can get on the Russian market such amounts of unique raw materials of the first color – 86% (28,363 g) of the total emerald weight bidded.
”More than half of emeralds now sold in the domestic stores are imported gems, either synthetic or cultured, of pretty low quality. Meanwhile, emeralds from the Urals are highly esteemed in the jewelry world. Today, Mariyinskiy mine sells in Russia at most 20% of its emeralds produced. However, we are ready to extend our presence in the domestic market. This auction is a first step, thus we plan to attract Russian jewelers to capacities of the Mariyinskiy mine. Besides, the development of the internal market will allow making Russian emeralds more affordable,” says Kirill Fyodorov, CEO of RT Capital LLC.
The auction is intended for Russian legal entities and sole traders registered as participants and licensed for handling first-category gems in the Russian Federation.
The Mariyinskiy mine represents one of the three world’s emerald deposits, it is the only one in the Russian Federation. The deposit is famous for its unique finds regularly selected for the State Fund of Precious Metals and Precious Stones of the Russian Federation.