Russia’s Alrosa Raises $11.8 Million in New York Diamond Sale
Russian state-controlled miner Alrosa, the world’s biggest producer of rough diamonds in carat terms,
raised $11.8 million in its first New York diamond auction of the year, as it seeks to increase its activity in the United States.
Rebecca Foerster, president of Alrosa, North America,
said sanctions against some Russian companies did not diminish the appeal of Russian high quality diamonds.
It held two diamond auctions there in 2018, which between them raised $18.3 million from international buyers.
By comparison a single New York sale in March this year of large stones, all of more than 10.8 carats and some as large as 50 carats, raised $11.8 million.