Russian diamond miner Alrosa has decided to relocate its March auctions for rough and polished diamonds from Hong Kong to other trading centers. The move follows the decision of the Hong Kong Trade Development Council (HKTDC) to reschedule the Hong Kong trade shows from March until May in response to the coronavirus epidemic.
Instead of Hong Kong, an auction for special size rough diamonds will take place in Moscow from March 2 to 18, 2020. Ramat Gan (Israel) will host a polished diamond auction. The dates will be announced later. “Alrosa is a regular participant of a major jewelry fair in Hong Kong," said Evgeny Agureev, Deputy CEO of Alrosa. "Every year, we hold auctions and tenders for rough and polished diamonds there. This year, the organizers decided to postpone the spring fair until the second half of May. Our company has adjusted its business plans respectively, and relocated two auctions scheduled for March fair."
Alrosa holds four auctions each year in Hong Kong for special size rough diamonds and two polished diamond tenders.