ALROSA summed up the results of two auctions for rough and polished diamonds that were held within the Eastern Economic Forum. The company sold all 45 auctioned rough diamonds and 33 of 36 polished diamonds.
The United Selling Organization (USO) of ALROSA organized previews of special size rough diamonds of 10.8+ carats from August 21 to September 6. The results were summed up on September 7. The company sold all 45 auctioned rough diamonds with total weight of 1,293 carats. Total revenue from the sales amounted USD 14.8 million.
"Like last year, we note a high interest in the auction. About 50 companies from the US, India, Israel, Belgium, China and UAE participated in it. The most expensive lot was sold for nearly USD 1.75 million", ALROSA Vice President Yury Okoyomov said.
Furthermore, from August 22 to September 5, DIAMONDS ALROSA, the company's own cutting and polishing division, held an auction for polished diamonds, where 33 of 36 offered stones from 2 to 12 carats in size were sold.
"Almost all diamonds we offered at the auction were sold at significant premium to starting price. Total sales volume amounted USD 1.7 million", Pavel Vinikhin, Director of Diamonds ALROSA, said.
ALROSA's division in Vladivostok was the auctions organizer.
The United Selling Organization of ALROSA is in charge of sorting, preliminary valuation, pre-sale preparation and sales of all ALROSA’s rough diamonds.
DIAMONDS ALROSA is ALROSA’s own cutting and polishing division and one of Russia’s largest diamond manufacturers. ALROSA’s cutting and polishing complex comprises two enterprises: DIAMONDS ALROSA in Moscow and ALROSA Diamonds Ltd in Barnaul. Diamonds ALROSA work with large rough diamonds over 1.8 carats, including special size rough diamonds and those with unique color specifications. The division is engaged not only in the manufacture of polished diamonds, but in their sale as well. The bulk of products are sold by wholesale lots at monthly trading sessions, both for export and in the domestic market.