Industry News by Nemesis

Alrosa Planning 34 Specials Auctions in 2020

January 2, 2020


Alrosa has announced that it plans to hold 34 auctions for or special size rough diamonds (weighing over 10.8 carats) during 2020. According to Russian law, these specials must be auctioned. 


Eleven of the planned Russian auctions will take place in Moscow with three further sales being held in Vladivostok.


Other tenders will take place in the centers in which Alrosa has trading representative offices. Three will take place in Antwerp, four in Dubai, five in Ramat Gan, four in Hong Kong and four in New York.


Alrosa deputy CEO Evgeny Agureev said that auction sales account for about 10 percent of Alrosa's overall sales volumes. 

The full schedule of international auctions can be seen here.


Source: Idex


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