Russian mining giant Alrosa will relocate its March auctions for rough and polished diamonds from Hong Kong to other trading centers.
One auction for special size rough diamonds will be held in Moscow (March 2-8). Alrosa’s March polished auction will be held at the Israel Diamond Exchange (IDE) in Ramat Gan, Israel. The dates for this auction will be announced later, the miner said in a press release.
Evgeny Agureev, Deputy CEO of Alrosa, said: “Alrosa is a regular participant of a major jewelry fair in Hong Kong. Every year, we hold auctions and tenders for rough and polished diamonds there. This year, the organizers decided to postpone the spring fair until the second half of May. Our company has adjusted its business plans respectively, and relocated two auctions scheduled for March fair”.
Last week, the Hong Kong Trade Development Council (HKTDC) announced the postponement of the upcoming Hong Kong International Diamond, Gem & Pearl Show 2020 (originally scheduled for March 2-6) and the HKTDC Hong Kong International Jewellery Show 2020 (originally scheduled for March 4-8) to May 18-21, 2020.
