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ALROSA Earns $2.2M From Polished Diamond Tender In Israel

ALROSA announced that it had earned $2.2 million from the tendered sale  in Israel of 62 polished diamonds weighing an aggregate 239.6 carats. The goods on offer consisted of 14 regular stones weighing a total of 108 carats, and 48 fancy coloured ones with a total weight of 131.6 carats.

The tender, organised by the miner’s cutting and polishing arm, Diamonds ALROSA, saw the participation of firms from Israel, the US, Belgium, India, Hong Kong and Russia.

Diamonds ALROSA Director Pavel Vinikhin commented, “There is a continued interest in large polished diamonds over 3 carats in the market. Our assortment mostly consists of such stones. In Israel, we presented polished diamonds of different colours and cuts. Despite the relatively weak market, the auction went well, and we are pleased with the results.”

ALROSA plans four more polished tenders this year. There will be another polished tender in Israel in the fall, as well as two tenders in the US — one in the summer and the other in the fall. The company will also hold its traditional big polished tender during the Hong Kong show in September.

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