Feb 16, 2021

Alrosa’s First Rough Diamond Auction Of 2021 Fetches $10 Million

Alrosa’s special-size rough diamond auction (over 10.8 carats) that was held in Dubai from 19th January to 9th February, 2021 sold a total of 1,500 carats (104 stones) for $10 million. The 39 buyers were clients from Belgium, India, Israel, UAE and the US.

Evgeny Agureev, Deputy CEO of Alrosa, said, “This year’s first auction was held in Dubai. Demand for our rough began to recover late last year and now remains stable. We sold over 80% of auctioned lots and proceeds were good.”

Under the current legislation, Alrosa sells special-size rough diamonds (weighing 10.8 carats and over) at auctions only, at its sales offices worldwide.

Photo credit: © Alrosa