The holders of such jewels would bemoan the death of the Russian Aristocracy for their inability to sell such a stone.
Luckily the rich keep getting richer and new 'economic' aristocracies have developed.
Please don't misunderstand my meaning here.
The Russian aristocracy and royals had a huge nation of slaves working to support them.
Now our world has apparently sunk to such a state that, once more, enough people's efforts are basically enslaved for a few to think of buying a $16m trinket.
Notice, also, that the press here repeats the tongue wash that the auction house lays down on the gem, as if they didn't have a interest in increasing the price. Put that in a video clip on TV and people really understand that it's a possibly tainted evaluation?
See BBC report "Giant diamond 'could fetch $16m'".