RAPAPORT… Alrosa sold $10.4 million worth of rough at a large-stone auction in Hong Kong, the miner said last week.
The 100 diamonds — each over 10.8 carats — weighed a
combined 1,550 carats, and garnered an average price of $6,710 per carat. Stones
sold for more than one and a half times their original asking price, the
company noted.
A total of 28 companies from Hong Kong, Belgium, Israel,
India, the United Arab Emirates and Russia bought diamonds at the sale.
According to Russian law, rough diamonds above 10.8 carats
from the nation’s mines can only be sold at auction. The miner plans to hold
another auction in the municipality in September, running alongside the Hong
Kong Jewellery & Gem Fair.
Alrosa Sells $10M at Hong Kong Auction
The Bottom Line
- Alrosa auctioned 100 rough diamonds over 10.8 carats totaling 1,550 carats in Hong Kong, achieving $10.4 million in sales.
- The average price per carat was $6,710, with stones selling for more than 1.5 times their original asking price.
- Buyers from 28 companies across six countries participated, complying with Russian law requiring auctions for rough diamonds above 10.8 carats.
More Stories
Five-Piece Ruby and Diamond Suite to Lead Christie’s Sale
Set comprising necklace, bracelet, earrings, ring and brooch estimated to bring in up to $195,696.
Hong Kong Luxury Sales Improve in September
Revenue from jewelry, watches, clocks and other valuable gifts up 20% year on year.
GIA Obtains Unique Assortment of Gem and Mineral Inclusions
Analytical microscopist gathered collection over six decades.
