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Prices Strong at Alrosa Israel Auction

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