RAPAPORT… Alrosa garnered $37.8 million from three recent auctions of large rough diamonds, reporting steady demand for the category.
The Russian miner sold 349 lots constituting more than 6,000 carats of goods, with each stone weighing 10.8 carats or more, it said Thursday. The auctions took place in Antwerp, Dubai and Ramat Gan during August and September, attracting more than 300 registered participants.
“August is traditionally considered a relatively quiet period,” commented Evgeny Agureev, Alrosa’s deputy CEO. “However, this year we saw a consistent demand for rough diamonds of high quality and price. At a time when international travel remains limited, there was strong interest in all three international auctions.”
Alrosa also launched an online auction in the second half of September in response to the robust market, the company added. This sale — which features expert evaluations, photographs and videos alongside the lot descriptions — runs until October 13.
Image: Large rough diamonds. (Alrosa)
Alrosa Notes Robust Demand at Big-Stone Sales
The Bottom Line
- Alrosa sold 349 lots totaling over 6,000 carats of rough diamonds weighing 10.8 carats or more, generating $37.8 million.
- Three auctions held in Antwerp, Dubai, and Ramat Gan during August and September attracted over 300 registered participants.
- In response to market strength, Alrosa launched an online auction in late September, running through October 13.
More Stories
US Holiday-Spending Growth to Outpace Last Year’s – Bain
Consumer outlay is likely to rise 4.5%, a slightly higher increase than in previous seasons.
London Diamond Bourse Touts ‘Synthetic Diamond’ Terminology
Exchange encourages UK trade to use term for grown stones, saying it is more accurate and internationally accepted.
Ruby and Diamond Earrings to Headline Sotheby’s Hong Kong Auction
Lot will be on offer for $2.6 million at High Jewelry sale.
