ALROSA in June summarized results of its large diamonds auctions that took place in foreign trading offices. These auctions allowed clients purchasing goods they need despite international travel restrictions.

Under Russian law, ALROSA sells special size (i.e. 10.8 carats and larger) diamonds at international auctions only. Viewings take place either in Moscow at United Selling Organization, or at the company’s trading offices abroad.

During May and June 2021, ALROSA apart from Moscow held auctions in Antwerp, Dubai and Ramat Gan, selling more than 400 lots weighing almost 6,600 carats for a total of $32.4 million.

“ALROSA flexibly responds to its clients’ needs, tending to supply their confirmed demand for rough, including valuable special size diamonds that are sought after these days. As experts are not able traveling around the world, we are in a regular dialogue with our clients, tending to adapt locations and schedule of our competitive sales to their needs as much as possible. All these auctions were efficient, with buyers confirming their interest in the majority of lots,” – said Evgeny Agureev, ALROSA Deputy CEO.

In Antwerp ALROSA sold 142 lots for $10.4 million to 25 companies from Belgium, Canada, India, Israel and UAE. In Dubai, 141 diamonds were sold for $10.7 million to 23 buyers from Belgium, India, Israel and UAE. In Ramat Gan, 123 diamonds were sold for $11.3 million to 38 companies from India and Israel.