RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

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

Prices Strong at Alrosa Israel Auction

Sale of large rough stones yields $13.7 million.
Feb 18, 2018 5:33 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Alrosa sold $13.7 million worth of special-size rough diamonds in Israel earlier this month, the miner said Friday.

The company auctioned 105 diamonds larger than 10.8 carats, totaling 1,665 carats. The stones sold for far more than their initial asking prices, Yury Okoemov, deputy CEO of Alrosa, said. 

“More than 100 companies from different geographical trade and manufacturing centers took part in the auction,” Okoemov continued. “39 companies were recognized as winners, most of them from Israel.”

Russian law stipulates that diamonds larger than 10.8 carats must be sold at auction. The sale took place at International Diamond Week in Israel. Alrosa plans to hold five more auctions in Israel this year.

Image: Alrosa
Tags: Alrosa, Auctions, IDWI, International Diamond Week in Israel, miner, Rapaport News, rough stones, Special-Size Diamonds, Yury Okoemov
Similar Articles
Lucapa Lulo 150Lucapa Eyes Increased Share in Lulo
Nov 28, 2019
Lucapa Diamond Corporation is in advanced discussions withthe Angolan government to secure...
Emerald Demand Buoyant at Gemfields Rough Sale
Letšeng Yields Two Diamonds Above 100ct.
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