ALROSA to hold 30 auctions for large diamonds in 2018 - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

ALROSA to hold 30 auctions for large diamonds in 2018

MOSCOW, Dec 26 (PRIME) -- Russian uncut diamond mining giant ALROSA plans to hold 30 international auctions to sell diamonds of 10.8 carats and more in 2018, the company said in a statement on Tuesday.

The company plans to hold five auctions in JanuaryMarch 2018, 10 auctions in AprilJune, six auctions in JulySeptember, and nine auctions in OctoberDecember.

ALROSA plans to hold 11 auctions in Moscow, two in Vladivostok, two in Belgiums Antwerp, four in the United Arab Emirates capital of Dubai, six in the Israeli city of Ramat Gan, three in Hong Kong, and two in its trade representative office in New York.

Russian legislation says that diamonds of special sizes may be sold only through auctions. These diamonds are traditionally in high demand on the Russian and international markets, and 60100 companies from different countries usually partake in these auctions, the company said citing Yevgeny Agureyev, head of United Selling Organization (USO) of ALROSA.

End

26.12.2017 12:52
 
 
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