News

Advanced Search

Alrosa Garners $9M at Hong Kong Auction

Oct 2, 2018 9:29 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... A yellow diamond sold for double its asking price at Alrosa’s colored-diamond auction in Hong Kong, the miner reported.

The oval-cut, 15.11-carat, fancy-vivid-orangey-yellow polished diamond was the top seller at the miner’s True Colours auction at the September Hong Kong Jewellery & Gem Fair, which fetched a total of $9 million.

“The collection of large colored stones — all cut by our company — which we brought to Hong Kong was the biggest in Alrosa’s history,” Pavel Vinikhin, director of Diamonds Alrosa, the miner’s cutting division said last week. “We sold the lots for well above their starting prices and consider the auction results to be very positive.”

Alrosa sold a total of 210 stones to more than 100 participants from around the world, with the largest contingent of buyers coming from China, it said.

The miner plans to hold another auction in the near future, as Typhoon Mangkhut prevented many clients from attending the Hong Kong fair, it added. The company will hold additional True Colours auctions once or twice a year.

Image: The 15.11-carat diamond. (Alrosa)
Tags: Alrosa, Hong Kong Auction, Hong Kong Jewellery & Gem Fair, Pavel Vinikhin, Rapaport News, True Colours
Similar Articles
AlrosaLarge Stones Boost Alrosa Sales
Oct 10, 2018
Alrosa’s sales climbed 9% year on year to $338.7 million in September due to strong demand for large stones,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.