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ALROSA Large-Size Rough Diamond Auction In Israel Fetches $9.6M

ALROSA held its first auction of the year for special-size (over 10.8 carats) rough diamonds in Israel. A total of 92 large rough diamonds with a combined weight of 1,570 carats were sold for an aggregate $9.6 million.

Firms from Israel, Russia, Hong Kong, Belgium, India, the United Arab Emirates and the United States participated in the auction.

"The auction in Israel is the first in our schedule, and we are satisfied with its results. We will hold five more auctions here through to the end of this year,” said ALROSA United Sales Organisation Director Evgeny Agureev.

He added, “We also continue to analyse the situation in the global diamond market and see some difficulties with demand. However, we expect the market to recover in the next two months.”

ALROSA held six auctions for special size rough diamonds in Israel through 2018 and earned almost $90 million.

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