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USO ALROSA’s rough and polished diamond auctions generate sales revenue of US$13.5 million in Hong Kong Show
The United Selling Organization (USO) ALROSA sold 112 special size (over 10.8 carats) rough diamonds with the total weight of 1,787 carats.
By: Diamond World News Service
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Mar 17 2018 4:56PM
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Reference: 16187  

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ALROSA has summed up the results of the rough and polished diamond auctions organized as part of Hong Kong International Diamond, Gem & Pearl Show held in Hong Kong from February 27 to March 3, 2018.

The United Selling Organization (USO) ALROSA sold 112 special size (over 10.8 carats) rough diamonds with the total weight of 1,787 carats. The total sales revenue amounted to US$13.5 million.

"Hong Kong auction with 50 participating companies demonstrated that demand for rough diamonds of this size category remains stable. The auction closed with good results, our expectations were justified," commented on the auction results ALROSA Deputy CEO Yury Okoemov.

DIAMONDS ALROSA, ALROSA's cutting division, sold 67 polished diamonds with the total weight of 205.56 carats worth US$2.8 million at the auction in Hong Kong. The sold assortment included 48 standard colour polished diamonds and 19 fancy colour stones.

"We give an upbeat assessment of the auction. Large standard colour polished diamonds were especially popular at the auction, we have also sold all the fancy colour diamonds," told Pavel Vinikhin, Director of DIAMONDS ALROSA.

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