In late November ALROSA held a special category (weighing more than 10.8 carats) diamond auction in Ramat Gan, Israel.
The company received $ 8.6 million from selling 116 diamonds weighing 1,800 carats, according to ALROSA.
The auction attracted companies from Israel, Belgium, India, the United Arab Emirates, Russia, Hong Kong and the USA.
Image credit: ALROSA
"The auction attracted clients from Israel, who traditionally specialize in large rough diamonds. Customers from other countries also participated. In total, there were 121 participants. The sales went well and met our expectations, we sold 75% of the offered volume," commented Evgeny Agureev, Deputy CEO of ALROSA.
Every year, the company holds about 30 such auctions in Moscow, Vladivostok, Antwerp, Ramat Gan, Hong Kong, New York and Dubai. In Israel, there are six auctions per year.
Previously it was reported that in early November ALROSA tendered its special-sized diamonds and earned $11 million in sales revenue. The auction was held in New York. The company sold 93 rough diamonds with a total weight of 1,560 carats. This was the best result of the last few months.
Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg
