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Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA

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The Mouawad Group has acquired the 51.38 carat Dynasty diamond, the largest and purest diamond in a collection of five stones offered for sale by ALROSA – a world leader in diamond mining. ALROSA unearthed the 179-carat rough diamond in 2015 at the Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia).

The Dynasty

The Dynasty

The auction took place on August 2nd, 2018. The total Dynasty collection sold for US$ 10 million making it the most expensive stone sold in the miner’s history. The impressive 51.38 carat Dynasty is a traditional round brilliant-cut diamond, D color, VVS1 clarity, which also makes it the best quality large diamond ever manufactured in Russia.

Fred and Pascal Mouawad, Co-Guardians of the Mouawad Group stated “We are very proud of this important acquisition. We will add it to our repertoire of historic diamond acquisitions.  What attracted us to the Dynasty is not only its exceptional quality, but the transparency of its history and the fact it’s the largest and most valuable diamond ever sold by ALROSA. It’s a rare gem with a remarkable record.”

Over the years, Mouawad has acquired a collection of exceptional diamonds such as, the 245.35 carat Jubilee Diamond, the 135.92 carat Queen of Holland diamond, the 69.42 carat Taylor Burton, and the largest cushion shaped D IF weighting 218.08 carat.

The Mouawad Group has penetrated continents across the world, while retaining its eminent position as jeweler to royalty, high society and those that appreciate the finest standards of dazzling craftsmanship. Steeped in rich traditions and guided forward by its fourth generation, Mouawad is committed to continue its legacy for many more generations.

About Mouawad

MOUAWAD – Enchanting customers with magnificent jewels and timepieces since 1890

Led by fourth-generation Co-Guardians, Fred, Alain, and Pascal Mouawad, and backed by more than a century of excellence in its field, Mouawad remains a family business built upon artistic excellence, superb craftsmanship, trust, and relationships. Mouawad designs, manufactures, and sells its own exclusive jewelry and timepiece collections ranging from boutique collections and haute joaillerie to magnificent bespoke masterpieces and objects of art. The Mouawad brand has penetrated continents across the world, while retaining its eminent position as a jeweler to royalty, high society, celebrities, and those who appreciate the finest standards of dazzling craftsmanship. The vision at Mouawad has always been to enchant and build lifelong relationships with customers by offering a wide range of jewels and timepieces for all occasions.

Diamond Manufacturing

In addition to its jewelry and timepiece design and production, Mouawad also manufactures rough diamonds as a Diamond Trading Company (DTC) Sightholder, a privilege that grants it a direct and unique access to conflict-free rough diamonds and gemstones, sourced and purchased in countries that are full participants in the Kimberley Process Certification Scheme.

Diamonds and gemology have always been a passion for the Mouawad’s, and besides being renowned for fine jewelry and timepieces, the Mouawad family has acquired over the years some of the largest and rarest diamonds in the world, and many of these historic gems carry Mouawad as part of their designated name. The family’s ongoing support of the global industry through research and education led to third-generation Robert Mouawad receiving a Lifetime Achievement Award from the Gemological Institute of America and having the GIA campus named in his honor.

Guinness World Records

Mouawad has been honored by the Guinness World Records five times, the most recent of which being for the Flower of Eternity Jewelry Coffer ― the most valuable jewelry box in the world (US $3.5M). In 2013 the Mouawad L’Incomparable Diamond Necklace was named as the most valuable necklace in the world (US $55M), featuring the world’s largest internally flawless diamond, the Incomparable Diamond (407.48 carat). In 2011 Guinness awarded Mouawad for creating the most valuable handbag in the world ― the Mouawad 1001 Nights Diamond Purse (US $3.8M). In 2003 the Very Sexy Fantasy Bra received a Guinness for being the most expensive bra ever made (US $11M), and in 1990 a GWR was awarded for the Mouawad Splendor ― the most expensive single pear-shaped diamond in the world at the time (US $12.76M).

With brothers Fred Mouawad heading the Diamond Division, Alain, the Watch Division, and Pascal, the Retail Division, each Co-Guardian brings his unique business acumen and creativity to the 128-year-old brand with the mission of continuing the rich heritage of creating fine jewelry and timepiece collections, while widening distribution through contemporary and accessible price points in order to increase the reach of the brand internationally.

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Maheen Rasool works with DxbBlog as content editor. She loves to cover events, food and tourism related topics.

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