Alrosa Earns $11M at Auction of Large Rough Diamonds in NYC

Rough Market
15/11/2019 11:53

Alrosa sold 93 rough diamonds with a total weight of 1,560 carats, and earned $11 million in sales revenue at an auction for special size rough diamonds (weighing over 10.8 carats) held in New York. At approximately $7,050 per carat, the miner says it is the best result achieved in the last few months. There were 95 participants from the US, Belgium, India, Israel, UAE, Russia and Hong Kong.

“This year’s last auction in the US performed well," said Evgeny Agureev, Deputy CEO of ALROSA. "We prepared a selection of rough diamonds with high quality and color characteristics, as well as several fancy color stones. The auction traditionally attracted the participants from different countries, including more than 20 companies from the United States." In 2019, ALROSA held four auctions in the US. The company’s total revenue at the US auctions exceeded $38 million this year.