Alrosa's Latest Rough Specials Auctions Average Nearly $5,000 per Carat

Rough Market
23/11/2018 10:49

Russian diamond giant Alrosa held two auctions of special rough stones (10.8 carats and up) during the month of November, first in Vladivostok and then in Dubai, earning an average of approximately $4,900 from the sale of 4,030 carats, yielding a total of $19.8 million. In Vladivostok, the miner sold 119 gem-quality rough diamonds with a total weight of 1,890 carats for $10.3 million, representing an average price per carat of $5,540. This was the fourth and final auction in Vladivostok, their  Far Eastern platform, for 2018. They started holding auctions there in late 2016.

In Dubai, Alrosa sold 141 rough diamonds with total weight 2,140 carats, earning a total of $9.5 million, or approximately $4,440 per carat. The miner said that 28 firms from India, Belgium, UAE, Israel, Hong Kong and Russia participated in the auction. Alrosa also averages four specials sales in Dubai each year. In 2014, the company signed a Memorandum of Understanding with the Dubai Diamond Exchange (DDE), within which the parties continue to cooperate on the Kimberley Process issues, exchange information and forecasts on the development of the diamond market.