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Alrosa Garners $1.5M at New York Polished Sale

Miner completes first tender in city since relaunch earlier this year.
Aug 9, 2018 9:14 AM   By Rapaport News
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RAPAPORT... Alrosa brought in $1.5 million from its first polished-diamond tender in New York since it reopened its office in the city earlier this year.

The Russian miner’s cutting division, Diamonds Alrosa, sold 111 polished stones weighing from 2 to 6 carats, for a total of 309 carats, it said Thursday. The tender took place last month, attracting participants from the US, Belgium, India and Israel.

“We were pleased to see great interest from American buyers, especially given the fact that this was our first tender in the US after a long break,” said Pavel Vinikhin, director of Diamonds Alrosa. “We also succeeded in attracting new clients, and by the end of this year, we hope to hold one more tender, where we will bring a more interesting assortment.”

Alrosa launched in New York in 2006. It ceased operations there in 2016, before reopening the office in spring of this year.

Image: Alrosa
Tags: Alrosa, Belgium, Diamonds Alrosa, India, Israel, new york, Pavel Vinikhin, polished, Polished Diamonds, polished sales, polished tenders, Rapaport News, tender, US
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