Alrosa Joins Online Auction Arena, Sells $11M Worth of Diamonds
July 07, 11(IDEX Online News) – Alrosa recently held its first online auction, offering 108 lots. The Russian diamond giant sold $11 million worth of diamonds, RIA Novosti reported on Wednesday.
Some 30 Russian and non-Russian companies were invited to take part in the auction, Alrosa said in a statement, adding that it plans to hold regular auctions starting in the fourth quarter of 2011.
The news comes on the heels of a decision at last week's executive committee meeting to substantially increase the proportion of public tenders.