Russia’s ALROSA, the world’s leading diamond miner, held its first New York diamond auction this year, corporate website reported. At the auction, 107 special size rough diamonds (over 10.8 carats each, 1,900 carats in the aggregate) were sold for the total of $11.8 mio.
“At the first US auction this year, almost 90% of the auctioned stones were sold. The overall sales exceeded the opening bid by 50%, which is the highest revenue from a single auction since we resumed our US office operations,” Evgeny Agureev, member of ALROSA’s Management Board, said.
Last year, ALROSA resumed its operations and held two diamond auctions in New York, their total revenue amounting to $18.3 mio. Four more auctions are expected to take place in the US in 2019.