ALROSA Fancy-Coloured Polished Diamond Tender In Israel Nets $1.2M
An auction in Israel of fancy-coloured diamonds by DIAMONDS ALROSA, the large-size cutting and polishing division of Russian diamond mining major ALROSA, generated revenue of $1.21 million, the company reported.
The auction, which was held this month, saw all the lots on offer — 262 polished diamonds with the total weigh of 209.34 carats, including 15 rare pink diamonds weighing 15.31 carats — being sold.
Nine colourless diamonds with a total weight of 28.8 carats were also sold for $347,500.
All the auctioned diamonds were manufactured from rough diamonds mined by ALROSA and its subsidiaries, Almazy Anabara and Nizhne-Lenskoye.
DIAMONDS ALROSA Director Pavel Vinikhin observed, “The auction attracted 85 firms and Israeli clients were in the majority. Companies from Belgium, the US and China also participated.” He added that fancy-coloured diamonds, especially the rare pinks, have always been in great demand among ALROSA’s clients.
DIAMONDS ALROSA works with large rough diamonds over 1.8 carats, including special size rough diamonds and those with unique colour specifications. The polished is sold by wholesale lots at monthly trading sessions, both for export and in the domestic market.
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