ALROSA earns $8.3 mln at Dubai auction

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Alrosa
ALROSA, the largest diamond mining company in the world, held the international auction for special size rough diamonds (over 10.8 carats) in Dubai. The overall revenue amounted to $8.3 million.
The company sold 121 rough diamonds with a total weight of 1,950 carats. Firms from UAE, India, Belgium, Israel, Hong Kong, Russia, and the USA participated in the auction, and 31 firms were recognized as winners in different positions.
“ALROSA and Dubai have a longstanding partnership. Since 2014, we have been cooperating with the Dubai Diamond Exchange on industry issues; we have our trading company here, where we regularly hold auctions. This year, we decided to increase the number of auctions in Dubai to five, because we see stable demand, including from local firms,” Evgeny Agureev, Member of the Management Board, Director of the United Selling Organization at ALROSA, said.
In 2018, ALROSA raised about $40 million at international auctions in Dubai.
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Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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