Alrosa Sells $29 Million at Auction

Russian diamond mining company Alrosa, sold more than $29 million in rough diamonds at the 15th international diamond auction for +10.8 carat diamonds hosted by the Russian Diamond Chamber in Moscow.

The chamber said 136 of the 142 parcels offered were sold, reports Interfax. The 142 parcels contained 1,171 diamonds weighing around 20,000 carats, including 11 diamonds weighing more than 50 carats. The biggest diamond on offer weighed 94.2 carats.

Representatives of 45 Russian and foreign companies from India, Israel, Belgium, China, Japan, Switzerland, and the United States participated in the auction.

A 16th auction started on July 3. Its results will be known on August 4.