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ALROSA’s Large-Size Rough Diamond Auction In New York Fetches $8.8M

ALROSA announced that its auction of ‘special size’ (larger than 10.8 carats) rough diamonds in New York realised a total of $8.8 million from the sale of 101 stones weighing an aggregate 1,550 carats. About companies from the US, Israel, India, Belgium, the UAE, Russia and Hong Kong took part in the auction.

"Our auctions in the US keep bringing in new clients — especially companies from the US market. More than 20 participants in this auction were American companies,” commented ALROSA United Selling Organisation Director Evgeny Agureev.

He added, “The assortment consisted of standard colour rough diamonds and most of them were sold at a good premium to their opening price. We are happy with the operational dynamics of our US platform.”

ALROSA plans two more auctions in New York this year.

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