In spite of the pandemic and ongoing restrictions on travel, diamond manufacturer Alrosa has reported a successful August, a month that is usually considered to be “quiet” for the company.
The Russian company held three large rough diamond auctions during August and September in Antwerp, Dubai and Ramat Gan.
At the sales, the 80 highest-bidding companies, including companies from Belgium, Israel, India and the UAE, purchased 349 lots weighing over 6,000 carats for a combined $37.8 million (£27.8 million).
Evgeny Agureev, deputy CEO of Alrosa, said: “August is traditionally considered a relatively quiet period. However, this year we saw a consistent demand for rough diamonds of high quality and price.
“At a time when international travel remains limited, there was strong interest in all three international auctions. Together, they attracted more than 300 registered participants.
“In the second half of September, we also launched an online auction in response to the market’s demands.
“It has a new expanded format, with lots’ descriptions supplemented by expert evaluations and additional photos and videos.
“This auction, running until October 13, enables clients to analyse and select diamonds completely remotely.”