ALROSA Holds First Auction at its Recently Reopened New York Office


ALROSA held its first auction – after a gap of almost two years — following the reopening of its office in New York, recently.

At the auction, held from April 23 to May 11, 2018, the miner offered special size rough diamonds (+10.8 carats). A total of 63 lots with a total weight of 1040 carats were sold for US$ 10.38 million.

Participating in the auction were 50 companies from the world’s largest diamond trading centers, including seven firms from the USA; and 43 from Belgium, India, Israel and the United Arab Emirates.

“We are glad to reopen ALROSA’s office in New York and now are forming its team,” said Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA. “The results of the last auction show that American customers are also happy about this circumstance, because it is important for them to purchase high-quality rough with guaranteed origin. We brought standard colour assortment to the auction in New York and sold it with a good premium to the starting price. We saw a strong interest, primarily from American diamond manufacturers. I’m sure that those who did not have opportunity to take part this time will definitely do it next time.”

ALROSA plans to hold another auction in New York in October 2018, also for the sale of special diamonds. The Company will hold a large-scale tender to sell polished diamonds of its own manufacture, as well.

The Company’s office in New York was opened in 2006, but since 2016, it has not been operating for organizational reasons, ALROSA explained.

Other important diamond centres where ALROSA’s trading offices are located are: Antwerp, Hong Kong, Dubai, Ramat Gan. In Mumbai, ALROSA recently inaugurated a representative office.

News Source :

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.