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ALROSA Large-Size Rough Diamond Auction In Israel Realises $9.3M

ALROSA said it sold 92 rough diamonds weighing a total of 1,700 carats for $9.3 million at its auction for special size rough diamonds (over 10.8 carats each) in Ramat Gan, Israel. Winning bids were placed by 30 companies.

"Local firms, most of which specialise in large rough diamonds as well as other global companies participated in the auction. We invited over 100 companies in all. The auction ended with good results and the demand for our product in Israel market remains stable," said ALROSA United Selling Organisation (USO) Director Evgeny Agureev.

ALROSA held six auctions for special size rough diamonds in Israel last year, realising a total of almost $90 million. The company intends to hold four more auctions through 2019.

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