ALROSA Sells $13.7M of Large Diamonds At Israel Int'l Diamond Week Auction
February 18, 18
(IDEX Online) – ALROSA sold 105 gemstones with a total weight of 1,665 carats for $13.7 million at an auction of special size rough diamonds over 10.8 carats at the International Diamond Week in Israel (IDWI).
"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," said Yury Okoemov, Deputy CEO of ALROSA. "We saw a significant premium to starting price."
Russian laws stipulate that special size rough diamonds over 10.8 carats can be sold only at auctions. In 2018, ALROSA plans to hold five more auctions in Ramat Gan, Israel.