Industry News by Nemesis

Alrosa Israel Large Diamond Sale Generates $8.6 Million

December 4, 2019

 

Alrosa generated $8.6 million in sales from an auction of special size rough diamonds (weighing over 10.8 carats) held in Ramat Gan, Israel. 

 

The Russian company sold 116 rough diamonds with a total weight of 1,800 carats at the auction, which saw 121 participants from Israel, Belgium, India, UAE, Russia, Hong Kong and the U.S.

 

Evgeny Agureev, deputy CEO of Alrosa said the sale went well with buyers purchasing 75 percent of the diamonds on offer by volume. 

 

In accordance with Russian legislation, Alrosa sells large rough diamonds at international auctions. Every year, the company holds about 30 such auctions in Moscow, Vladivostok, Antwerp, Ramat Gan, Hong Kong, New York and Dubai.

 

Source: Idex

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