Alrosa to Bring Big Diamonds to Big Apple in 2018

RAPAPORT… Alrosa will hold 30 auctions of large rough diamonds at
locations around the world in 2018, adding New York to its roster.




The events will primarily take place in the major trading
centers in which Alrosa has sales offices, the Russian miner said in a
statement Tuesday. It will host 11 auctions in Moscow, two in Vladivostok, two
in Antwerp, four in Dubai, six in Ramat Gan, Israel, and three in Hong Kong. A
further two will occur in New York, where Alrosa’s trade offices are set to
resume full-scale operations in early 2018.




“Russian laws stipulate that special-size rough diamonds
over 10.8 carats can be sold only at auctions,” explained Yevgeny Agureev, director
of Alrosa’s United Selling Organization. “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.”




Alrosa sold 153,000 carats of special-size rough at auctions
this year, garnering nearly $365 million, it added.


Image: Alrosa