November 1, 2019 – ALROSA announces the results of the international auction for special size rough diamonds (weighing over 10.8 carats) held in Dubai. The overall sales revenue exceeded $7 million.
ALROSA sold 112 large rough diamonds with a total weight of 1,740 carats.
There were 84 participants from major diamond trading centers, such as UAE, India, Belgium, Russia, Israel and Hong Kong.
“In Dubai, we sold 75% of auctioned rough diamonds. This is a good result at the time when tough market is still having an impact on the demand and sales. Despite the difficult situation, our Dubai trading site remains attractive for clients from all over the world. Thus, more than 80 companies participated in our latest auction,” commented Evgeny Agureev, Deputy CEO of ALROSA.
This was the fourth ALROSA’s auction for special size rough diamonds in Dubai this year. The next one will take place in December.
ALROSA, in accordance with Russian legislation, sells large rough diamonds (weighing over 10.8 carats) at international auctions. Every year, the company holds about 30 such auctions in Moscow, Vladivostok, Antwerp, Ramat Gan, Hong Kong, New York and Dubai.