ALROSA Sells Large Diamonds in Hong Kong for $10.4 Mln

ALROSA, the world's largest diamond mining company, has summed up the results of the auction in Hong Kong for the sale of special size rough diamonds (weighing over 10.8 carats). The company received total sales revenue of $10.4 million, which is more than 1.5 times higher than the starting price.

In total, 100 gem-quality lots with a total weight of 1550 carats were sold. The companies from the largest diamond trading centres, including Hong Kong, Belgium, Israel, India, the UAE and Russia, attended the auction. 28 firms were recognized as winners for different lots.

"We successfully held this year's second auction in Hong Kong, which is one of the key regions in our business. The composition of participating companies turned out to be quite diverse: we invited more than 80 companies; the geography covers almost all the world diamond centers. In autumn, our third auction in Hong Kong will take place. We also plan to bring there an interesting assortment," Evgeny Agureev, the Member of the ALROSA Executive committee, Director of the USO ALROSA, commented on the results.

In September 2018, ALROSA will hold an auction in Hong Kong as part of the jewellery exhibition Hong Kong Jewelery & Gem Fair.