The day of the Melbourne Cup is a public holiday in the state of Victoria so residents can watch the race.
Almandin gave Australian jockey Kerrin McEvoy a second win in the race which is the world's richest two-mile handicap with Heartbreak City in second and pre-race favourite Hartnell in third.
The UAE-stable has had interest in the Melbourne Cup since 1998 and the closest it has come to victory are three runner-up placings. (Son) Nick and I would not be successful unless we had the team we've had.
"I'm very proud at the moment", she said. "Whatever he does on Tuesday, I think he'll be rooting for him".
The rider then pushed through an needle-eye opening and sprinted past race favourite Hartnell, only to find himself locked in an epic duel with the victor over the final stages.
Whatever he paid for Almandin seems worth it with the horse back home at Macedon Lodge on Tuesday night having fulfilled his part of the deal.
Williams had four starters in the race and Godolphin had five, including fourth-place finisher Qewy.
Streaky Bay's Kerrin McEvoy has won the 2016 Melbourne Cup.
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McEvoy was keen to secure the ride on the Lloyd Williams-owned and Robert Hickmott-trained Almandin after the import's win at its most recent start in The Bart Cummings (2500m) at Flemington a month ago.
"He really put me at ease", McEvoy said. "The elation's unreal", McEvoy said.
"He has been well prepared and he travelled well".
Tony Martin, trainer of the runner up, said: "I gave him all the pushing and shoving I could from the stands.its a pity we didn't have something to tow us into the straight a little further but I am delighted".
Kerrin couldn't wipe the smile off his face after the race, noting how much work had gone into getting the win after all this time.
McEvoy added: "It's a great buzz to get the job done".
The 156th running of Australia's iconic race produced one of its great finishes, with both horses burning off Hartnell at the 200m (furlong) before going stride for stride to the finish.
"He's had his troubles along the way, but he's been very well handled". Working into fourth was Qewy (Ire), while Who Shot Thebarman (NZ) came home well down the outside to finish an honest fifth, just ahead of Almoonqith (USA) in sixth.