ALROSA SELLS $10.2 MILLION OF SPECIAL ROUGH AT IDE AUCTION
Russian diamond miner Alrosa raked in $10.2 million from the sale of special size rough diamonds (over 10.8 carats) in the Israel Diamond Exchange (IDE) in Ramat Gan.
Firms from Israel, Belgium, India, the US, UAE, Russia and Hong Kong participated in the auction, which saw the sale of 120 stones with total weight of 1,940 carats, including two large diamonds weighing more than 50 carats each.
Evgeny Agureev, Director of the United Selling Organization at Alrosa, commented: “Large rough diamonds are consistently popular with Israeli diamantaires. The latest auction is the third in a row this year. This is our highest revenue in Israel since the beginning of 2019. Until the end of the year, we plan three more auctions here and look forward for a stable demand from customer. In 2018, the miner held six auctions for special size rough diamonds in Israel.