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ALROSA Large-Size Rough Auction In Dubai Fetches $8.91M

ALROSA announced that it had realised $8.91 million from its just concluded auction of ‘special size’ (larger than 10.8 carats) rough diamonds in Dubai. The company said that 109 out of 122 auction lots were sold.

There were two especially large diamonds sold — one of 51.13 carats and the other 47.59 carats. A total of 56 companies from Belgium, India, Israel, the UAE, the US, Hong Kong and Russia participated in the auction.

"This is our second diamond auction in Dubai this year. Beyond all doubt, this trading platform is successful. This time, the total weight of diamonds sold was more than 1,840 carats. We are going to hold three more auctions here this year and expect the same, consistently high results," said ALROSA United Selling Organisation Director Evgeny Agureev.

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