Alrosa auctioned ‘special sized’ rough diamonds (over 10.8 carats) in Belgium and Israel in July. Participants reviewed goods at the company’s local sales offices. In March 2020, Alrosa suspended auctions due to the Covid-19 pandemic. Customers participated in online auctions with detailed digital copies of each rough diamond provided for review and detailed analysis.
At the auction in Belgium, the company sold 86 gem-quality rough diamonds weighing a total of 1,350 carats for a total sales revenue of $4.1 million. The auction results were summarised on 13th July, goods were bought by the participants from Belgium, Israel, the UAE and India.
The Israel auction was completed on 20th July with a revenue of $2.7 million. Alrosa fetched this amount for the sale of 70 gem-quality rough diamonds with a total weight of 1,066 carats to 26 Israel-based participants.
“These auctions were held in a customary mode at Alrosa’s foreign sales offices. Given the current market situation, we appreciate the results. Our company strives to support its customers, supplying them with necessary rough despite the persisting travel restrictions. We are making every effort possible to ensure that they can operate efficiently,” commented Evgeny Agureev, Deputy CEO of Alrosa.
Credit: © Alrosa