Russian mining giant Alrosa reopens US office

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Diamond_sorting_at_Alrosa

In a bid to further strengthen its business in the US, Russia’s Alrosa recently reopened its representative office in New York where it successfully held a rough diamond auction.

According to the company, the auction was held from April 23 to May 11. A total of 50 companies from the world’s largest diamond trading centres, including seven from the US and 43 from Belgium, India, Israel and the United Arab Emirates, participated in the sale.

The company sold 63 lots with a total weight of 1,040 carats for US$10.38 million.

“We are glad to have reopened Alrosa’s office in New York. We are currently forming our US team. The results of the last auction showed that American customers are also happy about this development because it is important for them to purchase high-quality rough with guaranteed origin,” said Evgeny Agureev, director of the United Selling Organization of Alrosa.

He continued, “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.”

The diamond miner plans to hold another auction in New York scheduled for October 2018 to sell large diamonds weighing over 10.8 carats. It will also hold a large-scale tender to sell polished diamonds.

The US is the world’s largest diamond jewellery market. The Alrosa office in New York was opened in 2006 but has ceased operations in 2016 due to organisational reasons.

Alrosa also has trading offices in Antwerp, Hong Kong, Dubai and Ramat Gan; and a representative office in Mumbai.

News Source : jewellernet.com

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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