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ALROSA yields US$16.3 million at HK auction

20-3-2018

 

ALROSA's United Selling Organization (USO) released results of the rough and polished diamond auctions organized during the Hong Kong International Diamond, Gem & Pearl Show from February 27 to March 3.

 

USO yielded US$13.5 million by selling 112 special size rough diamonds (over 10.8 carats) weighing a total of 1,787 carats while the cutting division sold 67 polished diamonds included 48 standard color polished diamonds weighted 205.56 carats for US$ 2.8 million.

 

“Hong Kong auction with 50 participating companies demonstrated that demand for rough diamonds of this size category remains stable. The auction closed with good results. Our expectations were justified,” commented on the auction results ALROSA Deputy CEO Yury Okoemov. Pavel Vinikhin, the director of ALROSA said the auction was filled with upbeat mood.

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