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ALROSA Large Rough Auction In Israel Nets $17M; Year Total Now $90M

ALROSA announced that it had sold 105 gem-quality rough diamonds with the total weight of 1,906 carats, realising a total of $17 million, at its rough diamond auction in Israel that ran from November 4 to 22.

More than 100 companies from Israel, Belgium, Hong Kong, India, the UAE, the US and Russia participated in the auction with winning bids being made by 44 companies.

"The results of this year's last auction in Israel confirm the stable demand for our products in this country — the total starting price has been significantly exceeded. This year, we held six auctions in Israel and sold large rough diamonds for a total amount of $90 million," said USO ALROSA Director Evgeny Agureev.

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