ALROSA Earns $14.5 million in Rough Specials (+10.8 ct) in Israel

Rough Market
04/06/2018 16:00

Russian diamond miner ALROSA sold $14.5 million worth of rough diamond specials (+10.8) carats at its recent auction in Israel. The company sold 112 gem-quality lots with a total weight of 1,824 carats, for an approximate average price of $7,950 per carat - approximately the same price ALROSA received per carat at their recent auction in New York ($9,980), where they sold 1,040 carats for $10.38 million. Firms from Israel, Belgium, India, USA and UAE participated in the auction.

“This year’s third auction in Israel has concluded with good results and a significant excess of the starting price. More than 100 firms from major centers of rough and polished market took part in it," said Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, commented on the results. "More than 100 firms from major centers of rough and polished market took part in it. We saw traditionally high interest from Israeli companies, which are specializing on this category of rough diamonds.” Until the end of 2018, ALROSA plans to hold three more auctions at the Israeli site in Ramat Gan, one of them will be held simultaneously with the Jovella jewelry exhibition in June. In accordance with Russian law, special size rough diamonds over 10.8 carats can be realized only through auctions.