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ALROSA sells large diamonds at the auction in Israel for USD 13.7 mln

ALROSA has summed up the results of international auction for the sale of special size rough diamonds over 10.8 carats at the International Diamond Week in Israel (IDWI).

The company sold 105 gemstones with a total weight of 1,665 carats. The overall revenue from sales amounted to USD $13.7 million.

“More than 100 companies from different geographical trade and manufacturing centers took part in the auction, 39 companies were recognized as winners, most of them from Israel. The auction has completed with good results. We saw a significant premium to starting price”, – Yury Okoemov, Deputy CEO of ALROSA, commented on the results of the auction.

Russian laws stipulate that special size rough diamonds over 10.8 carats can be sold only at auctions. In 2018, ALROSA plans to hold five more auctions in Ramat Gan (Israel).

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