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ALROSA raises $6.5 mln at Vladivostok rough diamond auction

Moscow, July 19, 2019 – ALROSA summed up the results of the international auction for special size rough diamonds (over 10.8 carats) held in Vladivostok this July.

The company sold 112 gem-quality diamonds weighing 1,780 carats. The total revenue from the sale of stones amounted to $6.5 million.

“The market is experiencing a seasonal decline in activity, and our auctions are also under pressure from the industry’s general correction of demand for rough diamonds. In general, our Far Eastern site continues to attract clients from all over the world. The firms from Russia, Hong Kong, the US, the UAE, Israel, Belgium and India were among the participants, 50 companies in total,” commented Evgeny Agureev, member of the Executive Committee, director of the United Selling Organization ALROSA.

Since the beginning of 2019, ALROSA has held three auctions in Vladivostok, raising a total of about $25 million. Our next auction in Vladivostok will take place in September.

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