Russian diamond miner announces auctions and award of high Sustainability ranking – by Rebecca Campbell (MiningWeekly.com – June 7, 2018)

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Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both cases, the rough stones being auctioned will each weigh more than 10.8 ct.

Both auctions are of gem quality stones. In Hong Kong, the corporation would auction 105 lots with a total weight of 1 620 ct. In Vladivostok, it would auction 130 lots, with a total weight of 2 149 ct.

The diamonds would come from Alrosa itself and two of its subsidiaries: Alrosa-Nyurba and Severalmaz. The group had invited 150 companies, from Belgium, China, Hong Kong, India, Israel, Russia, the United Arab Emirates and the US to attend the auctions.

“Interaction with the Asia-Pacific countries is one of Alrosa’s key activities today,” pointed out USO Alrosa executive committee member and director Evgeny Agureev.

“Vladivostok and Hong Kong are two excellent sites for attracting customers from these regions. Moreover, thanks to good demand noted at the previous auctions, we decided to revise the previously approved schedule and to hold not two but four auctions in Vladivostok in 2018.”

For the rest of this article: http://www.miningweekly.com/article/russian-diamond-miner-announces-auctions-and-award-of-high-sustainability-ranking-2018-06-07/rep_id:3650

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