Industry News by Nemesis

ALROSA Sells $8.2 Million of Large Rough in Israel

July 14, 2019


Alrosa, the world's largest diamond mining company, auctioned of  82 rough diamonds, weighing 10.8 carats and more, at auction in Israel. The diamonds, weighing a total of more than 1,422 carats, were sold to companies from Belgium, Hong Kong, India, Israel, Russia, the UAE and the USA.


"Today, there are still difficulties with demand in the global diamond market. This inevitably affects all participants and sales results. Despite this, the auction in Israel was generally a success," said Evgeny Agureev, member of the Executive Committee, director of the United Selling Organization ALROSA.


Alrosa will hold two additional auctions for special sized diamonds in Israel during the course of 2019.


Source: Idex

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