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ALROSA Shifts Focus, To Hold More Auctions In Hong Kong, Vladivostok

As part of an increased focus on the Asia-Pacific region, ALROSA announced it will hold auctions for the sale of what it calls special size rough diamonds (weighing over 10.8 carats) in Hong Kong and Vladivostok in June, September and November.

The first auction in Hong Kong will take place from June 13 to 27, with results being posted on June 28. A total of 105 gem-quality lots weighing an aggregate 1,620 carats will be on offer.

The second auction will be held in Vladivostok from June 18 to 29. This sale will feature 130 gem-quality lots with total weight 2,149 carats. Results will be posted on June 29.

ALROSA has invited 150 companies from Belgium, Hong Kong, Israel, India, China, the UAE, Russia and the US to participate in the June auctions.

The company will hold another auction in September in Hong Kong, as part of the Hong Kong Jewellery & Gem Fair. Before the end of the year, there will also be two more auctions in Vladivostok.

Evgeny Agureev, Director of ALROSA’s rough diamond sales arm, the United Selling Organisation (USO), commented, ”Interaction with the Asia-Pacific countries is one of ALROSA's key activities today. Vladivostok and Hong Kong are two excellent sites for attracting customers from these regions. Moreover, thanks to the good demand noted at the previous auctions, we decided to revise the previously approved schedule and to hold not two but four auctions in Vladivostok in 2018.”

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