ALROSA RAKES IN $13.7 MILLION FROM LARGE ROUGH AUCTION IN ISRAEL
In an international auction for the sale of special size rough diamonds over 10.8 carats at the International Diamond Week in Israel (IDWI, February 5-7), Alrosa sold 105 gemstones with a total weight of 1,665 carats. According to the Russian mining giant, the overall revenue from sales amounted to $13.7 million.
Yury Okoemov, Deputy CEO of ALROSA, commented: “More than 100 companies from different geographical trade and manufacturing centers took part in the auction, 39 companies were recognized as winners, most of them from Israel. The auction has completed with good results. We saw a significant premium to starting price”. Alrosa plans to hold five more auctions at the Israel Diamond Exchange (IDE) in Ramat Gan in 2018.
The 7th International Diamond Week hosted 500 buyers from 30 countries, with 200 diamond and jewelry companies exhibiting their goods at the Trading Hall of the IDE.