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ALROSA Large-Size Rough Diamond Auction In Israel Fetches $8.2M

ALROSA said it had realised revenue of $8.2 million from the auction of 82 ‘special size’ (each over 10.8 carats) diamonds weighing a total of 1,422 carats, in Israel.

ALROSA said that companies from Israel, Belgium, India, the UAE, Russia, the US and Hong Kong participated in the auction.

"Today, there are still difficulties with demand in the global diamond market. This inevitably affects all participants and sales results. Despite this, the auction in Israel was generally a success," said ALROSA United Selling Organisation Director Evgeny Agureev.

ALROSA plans another two special size rough diamond auctions in Israel this year.

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