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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. (