Russia diamond company

Information about : Russia diamond company , diamond jewellery russia , New York diamonds cutting and polishing , Diamond Manufacturers & Importers Association of America (DMIA) ,Alrosa's rough diamond ,New York diamond manufacturing

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Alrosa, Russia's largest diamond company engaged in the exploration, mining, manufacture and sale of diamonds, conducted its first-ever auction of large, rough diamonds in New York City, according to a statement from the Diamond Manufacturers & Importers Association of America (DMIA). The sale took place during the first week of July, with more than 80% of the goods on offer sold.

The by-invitation-only auction featured 51 rough diamonds ranging from very fine to commercial quality, in sizes from 11 carats up to almost 80 carats. The highlights of the auction were two gem-quality rough diamonds weighing 57.47 carats and 79.65 carats, respectively, which sold for several million US dollars each.

Neither Alrosa nor DMIA provided information on the total sales sum of the auction and the identity or number of the participating buyers.

The auction was the outcome of a series of talks initiated by the DMIA held in December 2011 in New York, between Yury Okoyomov, vice president of Alrosa; Alexander Malinin, general manager of Brillianty Alrosa, Alrosa's cutting and polishing division; DMIA president Ronald Friedman and DMIA vice-president Ronnie VanderLinden. The meeting was also attended by Reuven Kaufman, president of the Diamond Dealers Club of New York.
DMIA president Friedman praised Alrosa's commitment to New York's diamond industry. "New York is still the world number one centre for cutting and polishing large diamonds," he said. "We therefore welcome Alrosa's decision to hold an auction here, and look forward to Alrosa's continuing support." VanderLinden noted that even in a difficult market, Alrosa's rough diamond auction created enormous excitement  throughout the New York industry and trade. "It was a gratifying experience for all parties.

Out of the 51 lots on offer, approximately 80% were sold, exceeding Alrosa's expectations. In addition, upon the conclusion
of the auction, all the participating buyers were given full information on the prices paid for the goods sold. This is the sort of transparency that will certainly strengthen the long-term relationship that Alrosa, DMIA and the New York diamond manufacturing community aim to develop and will generate more interest in future Alrosa auctions,"

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