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Alrosa to hold 30 international auctions for sale of ‘special size’ diamonds

Alrosa is planning to hold 30 international auctions for the sale of ‘special size’ natural rough diamonds over 10.8 carats in 2018.

Five auctions will be held in Q1, 10 in Q2, six in Q3, and nine auctions in the final quarter.

Two auctions will be held in New York where Alrosa’s trade office will resume its full-scale operation.

The largest number of auctions,11, will be held in Moscow. In April and September, the company will also hold auctions in Vladivostok.

It is also planned to hold auctions in the largest international diamond trading centers where Alrosa’s sales offices operate. Two will be held in Antwerp, four in Dubai, six in Ramat Gan and three in Hong Kong.

Yevgeny Agureev, director of the united selling organization of Alrosa, said: “Russian laws stipulate that special size rough diamonds over 10.8 carats can be sold only at auctions. Such diamonds are traditionally in high demand both on Russian and international markets as a rule, 60 to 100 companies from different countries take part in auctions for their sale.

“Preliminary figures indicate that in 2017 the company sold 153,000 carats worth almost USD 365 million at international auctions for special size rough diamonds.”

The complete schedule of international auctions for the sale of special size rough diamonds in 2018 is posted on Alrosa’s sales website:

http://sales.alrosa.info/rough-diamonds/auctions/tenders-schedule/

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