ALROSA Successfully Concludes the Third Polished Diamond Auction in Israel This Year

ALROSA held polished diamond auction in Israel on November 4-13, 2018. The companies from Israel, the U.S., Belgium, Hong Kong, India and Russia were among the participants.

The company presented colorless polished diamonds ranging in size from 5 carats, fancy colored stones over 1 carat, as well as polished diamonds of 0.3-0.99-carat category in batches completed by colour. In total, ALROSA sold about 370-carats of polished diamonds for $2.9 million. Of these, 314-carats accrued to colored stones, mostly large (more than 40 fancy coloured polished diamonds over 5-carats with a total weight of 215-carats).

"Most companies in the Israeli market show a strong interest in acquiring large polished diamonds over 3 carats. Therefore, we relied on such stones. This time we presented 94 large diamonds, both colored and colorless. As can be seen from the results of the auction, large fancy colored stones were in the greatest success. We also formed jewelry sets of regular and fancy color diamonds. In general, this market remains very promising for us, as the sales results showed," Pavel Vinikhin, Director of the DIAMONDS ALROSA cutting division, said.

This event is the third polished diamond auction of ALROSA in Israel this year. Previously, the company earned more than $4.7 million for 841-carats of polished diamonds.