The international auction organized in conjunction with the Diamond Chamber of Russia began its work on 22d August, 2005. During the following four weeks the lots were available for preview on the Diamond Chamber premises.
Participants were some 38 Russian and foreign companies from Israel, Belgium, India, Switzerland, China, UAE, Belarus. All of them were companies of high business reputation and specialized in large-size goods.
On sale there were 120 boxes (891 stones) with a total weight of 14.4 thousand carats, including 9 exceptionally large diamonds, each weighing over 50 carats. The largest of them weighed 118.16 carats.
The results were announced on 22d September, 2005. All the available boxes were sold, bringing ALROSA altogether over $ 25 million. The highest bid offered was $ 935 thousand for a 62.12-carater diamond.
By the end of this year ALROSA is planning one more international auction. The preview of the lots will open on 17th October, 2005, results will be announced on 24th November 2005.
ALROSA Co Ltd is a closed-type joint-stock company, successor to the enterprises, organizations and divisions of the former YakutAlmaz Association, Committee for Precious Metals and Precious Gemstones (Gokhran of the Ministry of Finance of the Russian Federation) and the Almazjuvelirexport Foreign Trade Association specialized in sorting, initial processing and supply of rough diamonds which were incorporated into the Company's structure.