ALROSA, at its recently concluded third polished diamond auction held in Israel, earned a revenue of US$ 2.9 million from the sale of about 370 carats of polished diamonds. On offer at the auction were colourless polished diamonds ranging in size from five carats; fancy coloured stones of over one carat; as well as polished diamonds in the 0.3-0.99-ct category.

Of the total carats sold, 314 carats comprised coloured diamonds, most of them large stones – including more than 40 fancy coloured polished diamonds over five carats totally weighing   215 carats.

Companies from Israel, the US, Belgium, Hong Kong, India and Russia participated in the auction.

“Most companies in the Israeli market show a strong interest in acquiring large polished diamonds over three carats,” Pavel Vinikhin, Director of the Diamonds ALROSA cutting division, said. “Therefore, we relied on such stones. This time we presented 94 large diamonds, both coloured and colourless. As can be seen from the results of the auction, large fancy coloured stones were the greatest success. We also formed jewellery sets of regular and fancy colour diamonds. In general, this market remains very promising for us, as the sales results showed.”

Earlier, at the first two auctions of polished diamonds in Israel of the year, the Company earned more than US$ 4.7 million for 841 carats of polished diamonds.