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ALROSA sells large rough diamonds in Israel for $8.2 million

Moscow, July 12, 2019 – ALROSA, the world’s largest diamond mining company, held an auction for special size rough diamonds (over 10.8 carats) in Israel. The total revenue from sales amounted to $8.2 million.

The company sold 82 gem-quality diamonds with a total weight of 1,422 carats. Companies from Israel, Belgium, India, UAE, Russia, the USA and Hong Kong participated in the auction.

“Today, there are still difficulties with demand in the global diamond market. This inevitably affects all participants and sales results. Despite this, the auction in Israel was generally a success,” said Evgeny Agureev, member of the Executive Committee, director of the United Selling Organization ALROSA.

By the end of 2019, ALROSA plans to hold two more auctions for special size diamonds in Israel.

 

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