Industry News by Nemesis

ALROSA Raises $10.3M From Sale Of Large Rough Diamonds In Vladivostok

November 14, 2018


ALROSA sold 119 large special size rough diamonds (over 10.8 carats) with a total weight of 1,890 carats for $10.3 million at the final auction of the year in Vladivostok.


The company said that 26 companies from global diamond trading centers secured goods at the sale.


"Since the beginning of 2018, we held four auctions there, including the last one, gaining almost $55 million in total," said Evgeny Agureev, a Member of the firm's executive committee and Director of USO ALROSA. "This is a very good result, which was achieved after our decision to increase the number of auctions at the Far Eastern platform, which we consider to be very promising and plan to develop it further."


The ALROSA branch in Vladivostok was established in 2016 for the development of the Eurasian Diamond Centre in the territory of the Free Port of Vladivostok. The branch sold the first rough diamonds at the EDC in August-September of 2016.


Source: Idex

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