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ALROSA Auction Nets $35M
Russia's Yakutia-based diamond company, ALROSA, sold more than $35 million worth of rough diamonds at its 14th international diamond auction for special-sized diamonds.
The auction was hosted by the Russian Diamond Chamber in Moscow. According to the chamber, 143 parcels were sold out of a total of 150. The parcels contained 1,203 diamonds weighing over 20,000 carats. The largest diamond offered weighed 172.44 carats.
The next auction will start on May 22 and results will be publicized on June 30. ALROSA produces approximately 23 percent of the world's diamonds.
Source: Russian Jewellery Network
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