Alrosa raises US$8.3M in Dubai auction

By Staff reporter / February 25, 2019 / www.mining-journal.com / Article Link

Alrosa sold 121 rough stones totalling 1,950ct to 31 firms.

It did not provide any other details but said there was participation from firms in the UAE, India, Belgium, Israel, Hong Kong, Russia and the US.

Member of the management board and director of the United Selling Organization at Alrosa Evgeny Agureev said the company had been cooperating with the Dubai Diamond Exchange on industry issues since 2014 and its trading company was based there and regularly held auctions.

"This year, we decided to increase the number of auctions in Dubai to five, because we see stable demand, including from local firms," he said.

The total received from international auctions in Dubai last year was $40 million.

Earlier in February, Alrosa sold 92 large rough diamonds with the total weight of 1,570ct at an auction in Israel, making $9.6 million.

It sold $278.2 million worth of rough diamonds in January.

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok