Alrosa plans 37 international auctions for 2019
32
international auctions held
in
six countries in 2018
The
company traditionally holds auctions in six countries – Russia, Belgium,
Israel, Hong Kong, the United Arab Emirates and the United States. The largest
number of auctions in 2018 was held in Moscow - 11, another 4 were held in
Vladivostok. For the first time in many years, the company held two auctions at
its sales office in New York, which resumed operations last year. Another six
auctions took place in Ramat Gan (Israel), three in Hong Kong (China), four in
Dubai (United Arab Emirates) and two in Antwerp (Belgium).
Alrosa
has planned 37 international auctions for 2019, increasing the number of
auctions in Antwerp, New York and Dubai. There will be still 11 auctions in
Moscow and 4 in Vladivostok. According to the approved schedule, another 18
auctions will be held in the world’s largest diamond trading centers: four of
them – in Antwerp, five – in Dubai, six – in Ramat Gan, three – in Hong Kong.
Four auctions are scheduled for this year in New York.
“International
auctions are an integral part of our trading activity, since large rough
diamonds in accordance with Russian law should be sold only in this way. Large
diamonds are usually in good demand in the market, so each of our auctions
collect up to 100 participants.
In
general, we are pleased with the results of 2018, and we found opportunity to
increase the number of auctions in 2019 to 37 against the background of stable
demand. In 2018, auction activity at our promising Far Eastern site, which
today is not inferior to global diamond trading centers, went well.
One
of the notable events of the past year was the resumption of our sales office
in New York, where we held two auctions and, having received positive feedback,
decided to increase the number of auctions in the United States this year,”
Evgeny Agureev, Member of the Management Board, Director of the United Sales Organization
at Alrosa, said.
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