Jun 06, 2019

ALROSA’s Auction of Special Size Rough in New York Garners US$ 8.8 Mn

ALROSA, which recently held an auction of special size (+10.8 carats) rough diamonds in New York, said it had sold 101 gem-quality diamonds weighing a total of 1,550 carats for US$ 8.8 million.

The auction  saw the participation of about 90 companies from the USA, Israel, India, Belgium, the UAE, Russia and Hong Kong.  “Our auctions in the USA keep bringing in new clients, first of all companies from the US market –  more than 20 participants were American companies,” noted Evgeny Agureev, Member of the Executive Committee and Director of the United Selling Organization ALROSA. “The assortment consisted of standard colour rough diamonds, most of them were sold at a good premium to their opening price. We are happy with the operational dynamics of our US platform.”

The ALROSA office in New York was reopened last year. The Company has announced that it will  hold two more diamond auctions in the USA in 2019.