On August 29-30, 2011, OJSC ALROSA held tenders (auctions) of rough diamonds. Almost the entire range of the Company’s rough diamond goods was on offer. The tenders were held in Moscow, Hong-Kong, and Tel-Aviv.
Approximately 90% of the offered goods of various weights and sizes were auctioned for the total of about USD 22.5 million. The purchase prices exceeded the upset prices (ALROSA’s current selling prices for rough diamonds) by more than 5%.
Based on the results of the tenders, ALROSA’s United Selling Organization has registered a strong demand potential almost for all categories of rough diamonds and stabilization of prices with an insignificant correction in some categories, which is connected with a significantly lower impact of speculative factors on the market.