ALROSA, the world’s largest diamond mining company, will hold on November 4-22 an auction offering 127 large (over 10.8 carats each) gem-quality rough diamonds of total weight of 2,244 carats, and some polished diamonds of its own make. The auction in Ramat Gan (Israel), one of the major diamond trade centers in the world, will be attended by over 100 entities from Russia, Belgium, Hong Kong, India, Israel, UAE, and the US, company’s webpage reports.
“The upcoming auction will be ALROSA’s last one in Israel this year, and we hope that as before our products will be in high demand among participants,” Evgeny Agureev, ALROSA Executive Committee member, noted.
Apart from special size rough diamonds, the company will put up for sale diamonds (of over 900 carats in total) polished by Diamonds ALROSA, a polishing branch of the company.
Under the Russian law, special size rough diamonds can only be sold through auctions. This year, ALROSA held five rough diamond auctions in Ramat Gan which generated about $70 mio of revenues. The results of the upcoming auction will be announced on November 26.