18 Nov 2018
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ALROSA to Hold an Auction for the Sale of Large Diamonds in Israel
The company will auction 202 gem-quality rough diamonds with the total weight of 3,165-carats.
By: Diamond World News Service
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Aug 17 2018 9:56AM
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Reference: 16583  

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ALROSA, the world's largest diamond miner, will hold an auction for the sale of special size rough diamonds (weighing over 10.8-carats) in Israel in the period from August 19 to September 6, 2018.

The company will auction 202 gem-quality rough diamonds with the total weight of 3,165-carats. About 100 companies from Israel, Belgium, India, Hong Kong and Russia were invited to participate in the auction.

"The end of summer is traditionally a good time for auctions: the demand for rough diamonds is growing. It is also actual for Israel where our goods are always in demand and most local companies specialize in large-size rough diamonds. According to all these factors we made changes to our plans and increased the number of stones for the sale. Now we look forward to a high demand for our diamonds and good results of the auction", - said Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA.

Under Russian law, diamonds of special sizes - weighing over 10.8-carats - can be sold at auctions only.

ALROSA is going to hold one more auction in the Israeli Ramat-Gan in November 2018.

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