At an auction of special size (over 10.8 carats) rough diamonds held in Dubai recently, ALROSA earned a revenue of US$ 9.5 million from the sale of 2,140 carats (141 stones). 

Companies from India, Belgium, UAE, Israel, Hong Kong and Russia participated in the auction, with 28 of them emerging as winning bidders.

Evgeny Agureev, Member of the Executive Committee, and Director of the USO ALROSA, said: “Dubai continues to strengthen the status of one of the most important centers of the global diamond trade. On average, we have four auctions a year in this country, and we always see high interest from the diamond market participants. All the auctions that we have held here since the beginning of 2018 ended with a good premium, our total revenue was about $40 million.”

ALROSA and Dubai have long-standing partnership, the Company noted. “In 2014, the company signed a Memorandum of Understanding with the Dubai Diamond Exchange (DDE), within which the parties continue to cooperate on the Kimberley Process issues, exchange information and forecasts on the development of the diamond market,” ALROSA said.