Wednesday, October 16, 2019
ALROSAMiningNews

Alrosa Earns $6.5 Million in Vladivostok Auction

Alrosa put up for sale 112 special-size diamonds weighing a total of 1,780 carats and earned $ 6.5 million at an international auction held in Vladivostok.

Commenting on the auction,  Evgeny Agureev, member of the Executive Committee, director of the United Selling Organization Alrosa said: “The market is experiencing seasonal decline inactivity, and our auctions are also under pressure from the industry’s general correction of demand for rough diamonds. In general, our Far Eastern site continues to attract clients from all over the world. The firms from Russia, Hong Kong, the US, the UAE, Israel, Belgium, and India were among the participants, 50 companies in total.”

In a press release distributed by the company, it is noted that Alrosa held three auctions in Vladivostok since the beginning of 2019 earning a total of about $ 25 million from sales.

The next auction on this trading platform will be held in September.

Mines to Market
the authorMines to Market
Prashant Rathod

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.