Alrosa Earns $3M from 20 Polished Diamonds at New York Tender

Polished
10/07/2019 11:58

Alrosa held a tender for polished diamonds in New York this June, earning $3 million from the sale of 20 polished diamonds with total weight of 140.4 carats for an average value of approximately $21,430 per carat. The diamonds on tender included 8 gemstones of standard color and 12 fancy colored polished diamonds, most of them with Fancy Yellow and Fancy Intense Yellow characteristics.

29 participants from several countries at the tender, and 11 firms were recognized as winners in different tender positions. "The polished diamond tender in New York was very successful, despite the traditionally quiet summer season and the falling market as a whole," said Pavel Vinikhin, Director of the DIAMONDS OF ALROSA cutting division. "White and fancy polished diamonds were equally in good demand. In addition to retailers from the US, the world's largest market for diamond jewelry consumption, firms from Israel, Taiwan, India and the United Arab Emirates participated in the tender." The next tender in the United States is scheduled for November 2019, and there will also be another one in Israel this fall. In September, the company will hold a traditional diamond tender in Hong Kong.