Industry News by Nemesis

Alrosa Rakes In $10M at Dubai Auction

November 26, 2018


Alrosa sold $9.5 million worth of rough diamonds at a large-stone auction in Dubai, the Russian miner said this week. 

The 141 diamonds — each over 10.8 carats — weighed a combined 2,140 carats, and fetched an average price of $4,439 per carat, Alrosa reported Tuesday. 

Companies from India, Belgium, the United Arab Emirates, Israel, Hong Kong and Russia participated in the auction, with 28 firms making purchases. 

The auction was the last of four that Alrosa has held in Dubai this year. Those sales have garnered about $40 million, it added. 

Image: Rough-diamond sorting. (Alrosa)


Source: Rapaport

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