RE: Auctioning the diamonds for nothing18 May 2025 07:52
Not sure it will be a fire sale;)…
‘… the diamond value will be substantially more your guesstimate
Alrosa’s large diamond auctions held in Antwerp, Dubai and Ramat Gan between May and June 2021 sold more than 400 lots weighing almost 6,600 carats for a total of $32.4 million ($4,909/carat). These auctions allowed clients to purchase goods they needed despite international travel restrictions, the miner said.
In Antwerp Alrosa sold 142 lots for $10.4 million to 25 companies from Belgium, Canada, India, Israel and UAE. In Dubai, 141 diamonds were sold for $10.7 million to 23 buyers from Belgium, India, Israel and UAE. In Ramat Gan, 123 diamonds were sold for $11.3 million to 38 companies from India and Israel.
They sold just 6,600 carats worth for $32m’