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ALROSA Large-Size Rough Diamond Auction In Israel Fetches $10.2M

ALROSA reported that it had realised revenue of $10.2 million from its auction of ‘special size’ (over 10.8 carats each) rough diamonds, which took place in Israel this month.

The company sold 120 stones with total weight of 1,940 carats, including two large diamonds weighing more than 50 carats each. Firms from Israel, Belgium, India, the US, the UAE, Russia and Hong Kong were among the participants.

"Large rough diamonds are consistently popular with Israeli diamantaires. The latest auction is the third in a row this year. This is our highest revenue in Israel since the beginning of 2019. We plan three more auctions here this year and look forward to stable demand from customers," said ALROSA United Selling Organisation Director Evgeny Agureev.

Last year, ALROSA held six auctions for special size rough diamonds in Israel.

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