Russia’s Alrosa earns over $31 mln from diamond auction
Russia’s largest diamond producer Alrosa sold diamonds worth more than $31 million at a special international auction Monday, the auction’s organizers said.
The 30th special international auction for the sale of large diamonds, organized by Alrosa and the Diamond Chamber of Russia, offered 654 gems with a total weight of 10,300 carats. The largest diamond on offer weighed in at 41.27 carats. More than 40 companies from Russia, Israel, Belgium, India and China took part in the auction. One of the lots was sold at a record price of about $66,000 per carat, the auction’s organizers said.
Alrosa, which accounts for 97% of Russian and 25% of global diamond output, produced diamonds worth $2.37 billion in 2007. (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.