ALROSA, the world’s largest diamond mining company, will hold an auction for the sale of special size rough diamonds (over 10.8-carats) and polished diamonds of own manufacture. The auction will take place in one of the world’s largest diamond trade centers – Ramat Gan (Israel), on November 4-22.
The company will put for the auction 127 large gem-quality rough diamonds with total weight of 2,244 carats. Over 100 companies from Belgium, Hong Kong, Israel, India, UAE, the U.S. and Russia were invited to participate in the auction.
“The upcoming auction will be the last one planned by ALROSA in Israel this year, and we hope that, as in previous cases, our products will be in high demand among participants,” Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, said.
The results of the auction will be announced on November 26.
In addition to special size rough diamonds, the company will put up for sale polished diamonds manufactured by the craftsmen of Diamonds ALROSA, a polishing branch of ALROSA. The total weight of polished diamonds is over 900-carats.
In accordance with Russian law, special size rough diamonds can only be sold through auctions. This year, ALROSA held five rough diamond auctions in Ramat Gan. Total revenue from sales amounted to about $70 million.