skip to main content
moti-isreli-diamonds
User icon simplified man
News
the israel diamond industry logo

ALROSA SELLS $7 MILLION WORTH OF ROUGH IN NEW YORK

Alrosa sold 99 large gem-quality diamonds weighing 1,532 carats
Diamond Sorting
Credit: Alrosa

Russian mining giant Alrosa held an international auction for special size rough diamonds (over 10.8 carats) in New York, selling 99 large gem-quality diamonds weighing 1,532 carats for a total of $7 million.

 

Alrosa gem diamond Russia
Credit: Alrosa

 

According to Alrosa, auction participants included companies from the US, Belgium, India, Israel and the UAE. Evgeny Agureev, director of the United Selling Organization ALROSA, said: “We completed our third diamond auction in the US this year. Undoubtedly, current difficult situation in the market has a direct impact on sales results, and we see a slight decrease in demand. Nevertheless, auctions continue to attract new customers. The latest auction was attended by 80 companies, 25% of which were customers from the US”.

 

Underground diamond mining miners
Credit: Alrosa

 

 

This is the third auction Alrosa has held in the US this year, with the next one expected in the fall. All in all, the three US auctions raked in a total “of about $30 million”, according to the company.



Tags: Diamonds News, Diamond Industry News, Alrosa News, Diamond Prices News

More News