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ALROSA’s First Rough Auction In New York For 2019 Realises $11.8M

ALROSA said that its first first auction this year of large (over 10.8 carats each) rough diamonds in New York, saw 107 stones weighing a total of 1,900 carats being sold, realising $11.8 million — a 50 percent increase on the combined total of opening bids.

Over 30 firms from the US, Israel, Belgium, India and the UAE participated in the auction. 

"We held the first auction this year in the United States, selling almost 90 percent of the auctioned stones. In general, the market today is experiencing an increase in activity and interest in our products maintains stable. We invited about 20 American companies to this auction and some of them participated,” said ALROSA United Selling Organisation Director Evgeny Agureev.

He added, “The overall sales exceeded the total opening bid by 50 percent, totalling $11.8 million. To date, this is the highest revenue from single auction since we resumed operations at our US office, which is now headed by Rebecca Foerster,"

Last year, ALROSA resumed its operations in New York and held two diamond auctions there, with overall revenue amounting to $18.3 million. The company's auction schedule for 2019 includes four auctions in the United States.

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