Russian mining giant Alrosa has announced that in an auction of industrial grade and gem quality natural rough diamonds held in the Eurasian Diamond Centre in Primorye (the Russian Far East), it has sold 461 thousand carats worth $12.9 million.
The sale included 440 thousand carats of industrial grade diamonds for $4.924 million and 21 thousand carats of gem quality diamonds for $7.98 million. 22 companies participated in the auction. Indian and Chinese companies were the main auction buyers.
Alrosa also said that in 2017, it plans to sell 2 million carats of all types of diamonds through its Far East branch. Auctions for special size 10.8+ and industrial grade rough diamonds will be held in the next 3 months.
