ALROSA said it sold 112 gem-quality rough diamonds weighing 1,780 carats for total revenue of $6.5 million at the July auction of ‘special size’ (over 10.8 carats) stones held at its Vladivostok centre.
"The market is experiencing a seasonal decline in activity, and our auctions are also under pressure from the industry's general correction of demand for rough diamonds. In general, our Far Eastern site continues to attract clients from all over the world. Fifty firms from Russia, Hong Kong, the US, the UAE, Israel, Belgium and India were among the participants, 50," said ALROSA United Selling Organisation Director Evgeny Agureev.
ALROSA has held three auctions in Vladivostok this year, raising a total of about $25 million. The next auction at Vladivostok will take place in September.