RAPAPORT... Alrosa sold $15.6 million worth of rough at a large-stone
auction in Israel last month.
The 166 diamonds — each over 10.8 carats — weighed a
combined 2,611 caratsand fetched an average price of $5,975 per carat, the
miner said last week. The stones sold for more than one-and-a-half times their
asking price, Alrosa noted.
Companies from Russia, Israel, Belgium, Hong Kong, the
United Arab Emirates and the US participated in the auction, with 45 firms buying
stones.
According to Russian law, rough diamonds above 10.8 carats
from the nation’s mines can only be sold at auction. Alrosa plans to hold one
more sale in Israel this year — in Ramat Gan in November.
Image: Rough diamonds. Credit: Alrosa.
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