Advanced Search

Alrosa Garners $11M at Rough Auction

Oct 3, 2018 5:36 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Alrosa sold $10.7 million worth of rough at a large-stone auction in Hong Kong, the Russian miner said Tuesday.

The 136 diamonds — each over 10.8 carats — weighed a combined 2,234 carats, including 25 fancy-yellow stones, and fetched an average price of $4,790 per carat. The auction took place during the September Hong Kong Jewellery & Gem Fair.

Companies from Hong Kong, mainland China, Belgium, Israel and India participated in the auction, Alrosa said.

According to Russian law, rough diamonds above 10.8 carats from the nation’s mines can only be sold at auction.

Image: Rough diamonds. (Shutterstock)
Tags: Alrosa, Hong Kong Auction, Hong Kong Jewellery & Gem Fair, Rapaport News
Similar Articles
AWDCBelgium’s Rough Trade Slumps in May
Jun 26, 2019
Rough exports from Belgium dropped 37% year on year to $741.5 million in May, reflecting continued weakness
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 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.