Tuesday, September 28, 2010

Over $10 million worth of diamonds sold in international auction in Hong Kong

On September 13-21, the 41st international auction to sell rough of special sizes was held during the Hong Kong Jewellery Fair.

33 companies from Hong Kong, Israel, Belgium, and India were invited; and 24 of them took part in the auction.

1605.54 carats of ALROSA’S rough was put out (89 lots), including 3 diamonds over 50 carats each. The biggest rough diamond put out to be auctioned weighed 95.77 carats.

81 lots were sold, with the sales total of USD10.20 million.

79 polished diamonds were put out at the polished auction, with the total weight of 286.00 carats. The biggest polished stone weighed 9.04 carats; and the most expensive one weighed 4.01 carats and cost USD52,089 per carat.

33 companies from the continental part of China, Hong Kong, India, Israel, the USA, Belgium, and Thailand took part in the polished auction.

In total, 69 polished diamonds were sold, with the total weight of 264.66 carats to the amount of USD3,323 thousand.

The companies invited by ALROSA to the rough and polished auctions participated actively. Their bids testified to selective demand for diamond products and high clients’ interest to rough and polished of fancy colors.

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