ALROSA’s New York Auction of Large Rough Diamonds Yields US$ 7.9 Mn

ALROSA’s New York Auction of Large Rough Diamonds Yields US$ 7.9 Mn

At ALROSA’s auction held in New York from September 17, 2018 to October 5, 2018 of special size rough diamonds (over 10.8 carats), the Company garnered a total revenue of US$ 7.9 million. More than 90% lots with total weight of over 1.300 carats were sold.

The auction was attended by clients from the US, India, Israel, Belgium, the United Arab Emirates and others.

Two stones stood out at the auction: a white diamond with yellow shade weighing almost 98 carats; and a white diamond weighing 108 carats. Both stones were mined at the Yubileinaya pipe in Yakutiya.

Evgeny Agureev, Member of the Executive committee, and Director of the USO ALROSA, noted that “such large and pure diamonds are extremely rare in nature”.

He added: “The auction was held during some major holidays, therefore some of our customers couldn’t attend it. So it had an effect on the overall result. Meanwhile, the sale of coloured stones was extremely successful – we sold all but one lot. And the efficiency was quite high.”

Agureev also noted that despite the fact that the United States is a key consumer of polished diamonds, ALROSA’s rough diamond auctions are very successful and attracting more and more customers.

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