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ALROSA earns $17 mln at rough diamond auction in Israel

Moscow, November 29, 2018 – ALROSA, the largest diamond mining company in the world, summed up the results of special size (over 10.8 carats) rough diamond auction, which was held in Israel on November 4-22, 2018.

The company sold 105 gem-quality rough diamonds with the total weight of 1906 carats. The overall sales revenue reached $17 mln. 44 companies were recognized as winners in different auction positions.

“The results of this year’s last auction in Israel confirm the stable demand for our products in this country – the total starting price has been significantly exceeded. This year, we held six auctions in Israel and sold large rough diamonds for a total amount of $90 mln,” Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, said.

More than 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US and Russia were invited to participate in that auction.

In accordance with Russian law, special size rough diamonds can only be sold through auctions.

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