Business

Russia's Alrosa earns over $31 mln from diamond auction

12:00 04/08/2008

MOSCOW, August 4 (RIA Novosti) - Russia's largest diamond producer Alrosa [RTS: ALRS] 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.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20080804/115622877.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20080804/115622877.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia's Alrosa earns over $31 mln from diamond auction </strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">12:00</span> <span style="color:#5590bf; padding-right:7px;">04/08/2008</span> <span style="font-size:12px;">Russia's largest diamond producer Alrosa [RTS: ALRS] sold diamonds worth more than $31 million at a special international auction Monday, the auction's organizers said.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20080804/115622877.html" title="Russia's Alrosa earns over $31 mln from diamond auction ">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Russia's Alrosa earns over $31 mln from diamond auction

12:00 04/08/2008 Russia's largest diamond producer Alrosa [RTS: ALRS] sold diamonds worth more than $31 million at a special international auction Monday, the auction's organizers said.>>

Other news of the day