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ALROSA Auction Of Large Rough Diamonds In Dubai Realises $7.6M

ALROSA announced that it sold 126 rough diamonds weighing an aggregate 2,090 carats at its auction for large diamonds (over 10.8 carats each) in Dubai, realising revenue of $7.6 million. Among the stones sold was one weighing 63.8 carats.

ALROSA said more than 100 companies from the United Arab Emirates, India, Belgium, Russia, Israel, Hong Kong and the United States took part in the event.

Evgeny Agureev, CEO of ALROSA’s United Selling Organisation (USO), the company’s rough diamond sales arm, commented, “Our international auctions for the sale of large-sized rough diamonds always attract attention. The auction in Dubai ended with positive results, both in terms of the number of stones sold and in terms of the number of firms that participated in the event. We see that the ALROSA platform in Dubai continues to evolve and to attract more and more interest.”

This is the third ALROSA diamond auction in the UAE this year. The company plans another in the autumn.

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