ALROSA Sells 150 Diamonds at Recent Auction

Russian diamond major ALROSA (MCX:ALRS)  has sold 150 diamonds totaling 2481.9 carats at a recent auction in Vladivostok, Russia.

As quoted from the press release:

ALROSA, the world’s largest diamond miner, discloses the results of the diamond auction in Vladivostok which took place on April 8-19 . The total revenue from the sale of special size diamonds (+10.8 carats) exceeds US$9.65 million.

29 companies from Belgium, India, Israel, the UAE, the USA, Hong Kong and Russia participated in the auction. A total of 150 diamonds with a total weight of 2481.9 carats were presented. 121 stones (2030,32 carats) were sold. There were two especially large diamonds sold, 58,92 and 41,48 carats.

“This diamond auction again showed decent results. We selected the stones of good color and quality, and got high revenues about US$10 million. This is a good result, and we plan to further develop our sales here,” said Evgeny Agureev, member of the Executive Committee, Director of the United Selling Organization of ALROSA.

Click here to read the full announcement