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ALROSA Happy With HK Show Rough, Polished Diamond Auction Results

ALROSA reported that it had sold 101 ‘special size’ rough diamonds (each in excess of 10.8 carats) weighing a total of 1,829 carats, earning $10.5 million, at an auction that coincided with the Hong Kong International Diamond, Gem & Pearl Show.

The company also held a polished diamond auction that resulted in the sale of 56 stones weighing almost 300 carats in aggregate for a total of $4.1 million. The overwhelming majority (238 carats) of the stones were fancy coloured diamonds. Two of these, cushion cut fancy yellows that weighed 31 and 30 carats each respectively, sold for a combined $815,000.

ALROSA United Selling Organisation Director Evgeny Agureev commented that the Hong Kong show’s high visitor traffic this year contributed to good customer interest at the auctions.

He added that the auction results indicated that demand for large stones in excess of 10.8 carats remained stable.

Diamonds ALROSA Director Pavel Vinkhin observed that the results convinced the company that interest for fancy coloured diamonds in the Hong Kong market remains strong. “We formed the assortment of polished diamonds based on the existing demand, and are very pleased with the sales results,” he said.

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