Industry News by Nemesis

ALROSA to Auction Large Rough Diamonds at the International Diamond Week in Israel

January 24, 2018


The company is offering for sale 117 gem-quality lots with the total weight of 1,905 carats. The largest diamond weighs 37.38 carats. More than 100 clients have already registered for the auction.

All of the auctioned stones were mined from the deposits of PJSC ALROSA and its subsidiaries - JSC Almazy Anabara and PJSC ALROSA-Nyurba.

Yury Okoemov, ALROSA Vice President: "Special size diamonds over 10.8 carats form a rather small share of the output - about 0.6%. Auctions for the sale of such diamonds repeatedly attract a significant number of participants, especially in Israel. Many companies from Israel, including relatively small ones, specialize in this product and understand it very well. Due to the high level of competitiveness, we always obtain good results here".

ALROSA has been the world leader in diamond mining since 2009. Currently, the share of ALROSA in the global production of natural rough diamonds totals 28%, in Russian diamond mining - 95%. Gem-quality diamonds form the bulk of the company's output.

The company's main production capacities are located in the Republic of Sakha (Yakutia) and Arkhangelsk region. In 2016, ALROSA produced 37.4 million carats of rough diamonds.
IDWI 2018 will host many hundreds of buyers from close to 40 countries around the world. A huge variety of goods will be offered by over 300 exhibiting companies from Israel and abroad.


Source: Rough-Polished

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