ALROSA Schedules Next Auction of Large Diamonds in Hong Kong and Vladivostok in June

ALROSA Increases Insurance Cover for the Group; Includes New Heads in the Policy

ALROSA announced yesterday that its next auctions for the sale of special size (+10.8 carats) rough diamonds will be held in Hong Kong and Vladivostok this June. The diamonds which will be auctioned are from its subsidiaries ALROSA-Nyurba and Severalmaz.

At the Hong Kong auction, scheduled to be held from June 13-27, 2018, the Company will offer 105 gem-quality lots with atotal weight of 1620 carats. The results of this sale will be released on June 28.

The Vladivostok auction will be held from June 18-29, 2018 at which ALROSA will put up 130 gem-quality lots weighing 2,149 carats totally, for sale. The results will be released on June 29.

ALROSA said it has invited 150 companies from Belgium, Hong Kong, Israel, India, China, UAE, Russia and the USA to participate in the auctions.

“Interaction with the Asia-Pacific countries is one of ALROSA’s key activities today,” said EvgenyAgureev, a Member of the Executive Committee, and Director of the USO ALROSA. “Vladivostok and Hong Kong are two excellent sites for attracting customers from these regions. Moreover, thanks to the good demand noted at the previous auctions, we decided to revise the previously approved schedule and to hold not two but four auctions in Vladivostok in 2018.”

The Company also announced that it will hold an auction in Hong Kong in September 2018, to coincide with the Hong Kong Jewelry & Gem Fair. And that, before the end of 2018, there will be two more auctions held in Vladivostok.

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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.