Alrosa will hold a tender of both polished and rough diamonds during Israel’s sixth International Diamond Week (IDWI) taking place from February 13 to 16 at the Israel Diamond Exchange (IDE.)
The auction will offer 108 boxes of rough diamonds of 11 to 199 carats, and several unique white and fancy color polished diamonds, weighing from 10 to 80 carats, including five that were cut from one large rough stone, the IDE said in a statement.
The centerpiece of the Alrosa auction is the 80.59-carat round Star of Viluysk, which will be exhibited during the IDWI, along with the company’s other special stones, on the IDE trading floor.
Alrosa President Andrey Zharkov will be guest of honor at the IDWI. His visit is timed to coincide with the opening of the IDE International Tender Center, which will house tenders of rough and polished diamonds by major rough producers and diamond traders.
Alrosa, the world’s largest producer of rough diamonds in volume terms, has held regular tenders of polished and rough diamonds at the Israeli bourse for several years. Recently Alrosa and IDE signed a Memorandum of Understanding (MOU) aimed at increasing cooperation between the two organizations in a variety of areas.
During Zharkov’s stay, he and his team will meet with IDE leaders to discuss specific terms of the MOU, including increased rough supply to Israel.
This year’s International Diamond Week will feature several tenders of rough and polished diamonds by major producers and independent suppliers, in addition to the large variety of goods on offer from hundreds of Israeli and international exhibitors. IDWI 2017 will offer a rich social program including free sightseeing to Jerusalem and the Dead Sea. Buyers are also eligible for free accommodations for three nights in nearby hotels.