RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Alrosa Auction Garners $17M

Vladivostok tender brings in average price of $8,500 per carat.
Jul 5, 2018 5:52 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Alrosa sold $17 million worth of rough at a large-stone auction in Vladivostok last month, the Russian miner said Wednesday.

The 121 diamonds — each over 10.8 carats — weighed a combined 2,000 carats, and fetched an average price of $8,500 per carat. The stones sold for more than one and a half times their original asking price, Alrosa noted.

Companies from Belgium, China, Hong Kong, India, Israel, Russia, the United Arab Emirates and the US participated in the auction, with 36 firms making purchases.

According to Russian law, rough diamonds above 10.8 carats from the nation’s mines can only be sold at auction. This auction is the second one Alrosa has held in Vladivostok this year. The miner plans to hold another two in September and November.

Image: Alrosa
Tags: Alrosa, auction, large-stone auction, Rapaport News, Vladivostock auction, Vladivostok
Similar Articles
AlrosaAlrosa Sales Decline at Slower Rate
Oct 15, 2019
Alrosa’s sales fell 24% year on year to $258.7 million inSeptember,...
Alrosa Finds Diamond Inside a Diamond
Lesotho Renews Letšeng Lease
US Bans Import of Zimbabwe Diamonds
BDBIndia’s Polished Trade Declines
Oct 03, 2019
India’s polished-diamond exports fell 25% to $1.64 billion inAugust, data...
Mining for information
De Beers Hires New Auctions Exec
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us