Alrosa concludes its first online diamond auction

Alrosa concludes its first online diamond auction

The company sold diamonds worth $11 million

Russian mining major Alrosa held its very first online auction for diamonds, offering 108 lots. The company generated $11 million in the sale. There were 30 companies who placed the bid, including Russian and international firms.

The company referred to its debut attempt as successful and expects to repeat this format of online auction in the fourth quarter of 2011, reports add.


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