ALROSA Holding Two Auctions Of Rough And Polished Diamonds In VladivostokSeptember 05, 17
(IDEX Online) – ALROSA is holding two auctions for the sale of rough and polished diamonds within the Eastern Economic Forum (EEF), which will take place in Vladivostok from September 6 to 7.
The United Selling Organization of ALROSA is auctioning special size rough diamonds of 10.8+ carats from August 24 to September 6. The company has offered 45 stones for sale with a total weight of 1,293 carats, with the largest one weighing 75.75 carats. About 80 companies from the US, China, India, Israel and Belgium are participating in the auction.
"Large rough diamonds weighing over 10.8 carats are solely sold at auctions and are always in great demand," said ALROSA Vice President Yury Okoyomov. "Diamonds of this size range are set up for the auction in Vladivostok. The first auctions at our Far East trading platform were held during the EEF 2016. Based on the result of sales, we have seen interest of clients from Asia Pacific. This year we expect good results given a strong demand."
Furthermore, from August 22 to September 5, DIAMONDS ALROSA, the company's cutting and polishing division, offered 36 polished diamonds from 2 to 12 carats in size. The biggest stone (12.18 carats) is an emerald cut diamond. Round diamonds as well as Asscher, princess, radiant and pillow diamond cuts are also for sale, while one of the diamonds is a fancy yellow stone.
"This is our second auction within the Eastern Economic Forum," said Pavel Vinikhin, Director of Diamonds ALROSA. "We sold all the lots at a significant premium during our first trial diamond auction last year. This year we are offering rather wide assortment of diamond cuts, which undoubtedly might interest our potential buyers."
The first auctions of rough and polished diamonds in Vladivostok took place in the Eurasian Diamond Centre which was launched in September 2016. In total, from September to December last year 421,400 carats of rough and polished diamonds were sold and 440,400 carats – in the first quarter of 2017.