RAPAPORT… Alrosa sold $10.7 million worth of rough at a large-stone
auction in Hong Kong, the Russian miner said Tuesday.
The 136 diamonds — each over 10.8 carats — weighed a
combined 2,234 carats, including 25 fancy-yellow stones, and fetched an average
price of $4,790 per carat. The auction took place during the September Hong
Kong Jewellery & Gem Fair.
Companies from Hong Kong, mainland China, Belgium, Israel
and India participated in the auction, Alrosa said.
According to Russian law, rough diamonds above 10.8 carats
from the nation’s mines can only be sold at auction.
Image: Rough diamonds. (Shutterstock)
Alrosa Garners $11M at Rough Auction
The Bottom Line
- Alrosa auctioned 136 rough diamonds over 10.8 carats totaling 2,234 carats, with an average price of $4,790 per carat.
- The auction included 25 fancy-yellow diamonds and attracted buyers from Hong Kong, mainland China, Belgium, Israel, and India.
- Russian law mandates that rough diamonds above 10.8 carats from Russian mines must be sold exclusively through auctions.
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