ALROSA sells large rough diamonds in Vladivostok for $10.3 million

ALROSA, the largest diamond mining company in the world, has summed up the results of the auction in Vladivostok for the sale of large rough diamonds, equaling over 10.8 carats.

The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats. The overall revenue from sales reached $10.3 million. ALROSA had held four auctions in Vladivostok this year, including the last one, gaining almost $55 million in total.

The ALROSA branch in Vladivostok was established in 2016 by the decision of the company's supervisory board with the purpose of development of the Eurasian Diamond Centre in the territory of the Free Port of Vladivostok. The branch sold the first rough diamonds at the EDC in August-September of 2016.