Alrosa To Hold 34 Auctions of Large Rough Diamonds in 2020

Rough Market
03/01/2020 14:14

Russian diamond mining giant Alrosa plans to hold 34 international auctions for special size rough diamonds (weighing over 10.8 carats) in 2020, the comapany recdently announced. They plan to hold seven auctions in the first quarter (Q1), eight in Q2, seven in Q3 and 12 in Q4. The schedule is available here. These auctions are in addition to its monthly sales under the Alrosa Alliance, through which it administers long-term (three-year) supply agreements with the world's largest consumers of rough diamonds.

The largest number of auctions, eleven, will take place in Moscow, with three to be held in Vladivostok. Other tenders will take place in largest international diamond trading centers, where Alrosa has trading representative offices. The company will have three auctions in Antwerp, four in Dubai, five in Ramat Gan (Israel), four in Hong Kong and four in New York. 

“Russian law stipulates that special size rough diamonds (weighing over 10.8 carats) must be auctioned. In general, such auctions attract up to 100 companies from different countries. Auction sales currently account for about 10% of our overall sales volumes”, said Evgeny Agureev, Deputy CEO of Alrosa.

The Schedule of the Sale Periods in 2020 under the Diamond Supply Agreements is as follows:

January 15-17 and 20-21
February 12-14 and 17 (Excludes supply from Almazy Anabara division)
March 10-13 and 16
April 6-10
May 13-15 and 18-19 (Excludes supply from Almazy Anabara division)
June 9-11 and 15 (Excludes supply from Almazy Anabara division)
July 13-17 (Excludes supply from Almazy Anabara division)
August 10-14 (Excludes supply from Almazy Anabara division)
September 10-11 and 14-16
October 12-16
November 11-13 and 16-18
December 7-11