Alrosa raises $6.5m at Vladivostok tough diamond public sale

Alrosa raises $6.5m at Vladivostok rough diamond auction

Diamond mining firm Alrosa has summed up the outcomes of the worldwide public sale for particular dimension tough diamonds (over 10.eight carats) held in Vladivostok, Russia, this July.

The corporate bought 112 gem-quality diamonds weighing 1,780 carats, and the overall income from the sale of stones amounted to $6.5m (5.2m).

Evgeny Agureev, member of the chief committee, director of Alrosa, stated: “The market is experiencing a seasonal decline in exercise, and our auctions are additionally below stress from the trade’s common correction of demand for tough diamonds.

“Basically, our Far Japanese web site continues to draw purchasers from all around the world. Companies from Russia, Hong Kong, the US, the UAE, Israel, Belgium and India had been among the many members, 50 firms in complete.”

Because the starting of 2019, ALROSA has held three auctions in Vladivostok, elevating a complete of about $25m (£20m). Its subsequent public sale in Vladivostok will happen in September.

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