Alrosa Auctions $36 Million of Rough Diamonds

At Alrosa’s 23rd international auction for special sizes of rough diamonds, which ended August 1, the firm sold 120 parcels for a total sum of over $36 million. Special size auctions offer rough diamonds weighing more than 10.8 carats.

The rough diamonds to be auctioned were on display at the Russian Diamond Chamber for a month. Alrosa offered 632 stones with a total weight exceeding 11.4 carats, the largest stone weighing 274.37 carats.

Representatives of 61 companies specializing in big diamonds from Russia, Israel, Belgium, India, UAE, Lebanon, Belarus and the U.S. participated in the auction.

The next auction will take place at the end of August 2007.