Alrosa to organize another diamond auction in Israel
MOSCOW. Aug 1 (Interfax) - Russia's diamond monopoly Alrosa will organize and hold a rough diamond tender during the summer edition of the US & International Diamond Week in Israel, the Israelidiamond portal reported on Wednesday.
An Alrosa spokesman confirmed this information to Interfax.
Alrosa sells diamonds in special sizes at international auctions, including 10.8 karats and more. They are individually priced in contrast with smaller stones that are sorted by intervals of mass, quality, color and form. These auctions are actually demonstrations of uncut diamonds abroad for the convenience of foreign clients. Transactions are performed in Moscow, as buyers can only be companies registered in Russia. Specially sized diamonds account for about 9% of all of Alrosa's diamond sales.
The Russian diamond monopoly was originally planning to conduct three diamond tenders in Israel this year. A tender taking place from August 20 to August 29 in Ramat-Gan will be its fourth (the third of its kind). The last 2013 tender will be held in Ramat-Gan from September 29 to October 17, with the results being announced on October 22.
There will also be international tenders this year in Hong Kong (September 11 to September 20, results announced September 24), New York (October 7 to October 18, results announced October 22) and Antwerp (November 11 to November 29, results announced December 4).