Russia hosted the 2014 Winter Olympic Games in Sochi, but did you know that it’s the country that wins the gold medal for diamond production?”

Alrosa mined 34.4 million carats of diamonds last year, well ahead of De Beers’ total of 27.9 million, which most people equate the world’s leader in diamond production. In fact, Alrosa has relegated De Beers to “silver medal” status for the past three years.

As seen during the 2013 Oscars, vintage jewelry and diamonds continue to live in the spotlight, as evidenced by the Fred Leighton 19th Century oval and cushion cut diamond bracelet worn by Jennifer Aniston. But do you know the storied history behind your favorite vintage diamond cuts?

Some diamond cut’s never go out of style, especially when they boast a royal heritage and have been redesigned and reinvented. Such is the case with the popular Asscher cut.

Queen Elizabeth ascended the throne 60 years ago this month. When she was coronated a year later, she wore the ultimate symbol of royal authority – the Imperial State Crown.

This is the quintessential crown. Set with 2868 diamonds in silver mounts, it has an open work gold frame and is fitted inside with a purple velvet cap and ermine fur headband. The jewels mounted on the frame are breathtaking.

Shimmering with an internal fire all its own, diamond is one of the world’s most sought-after and adored gemstones.