The third international diamond auction for large and special-sized diamonds held by ALROSA Co. Ltd. together with the Diamond Chamber of Russia in Moscow on 11th May – 16th June 2004 is over, with 40 companies from Russia, Belgium, Israel, USA, China (Hong Kong) specialised in large stones participating in it. All of the invitees have a high reputation in the diamond business.
For a month the lots were available for preview on the premises of the Diamond Chamber of Russia. 54 lots with a total weight of 7.5 thousand ct were offered for sale. These included exceptionally large diamonds weighing over 50 ct each, though not classified as ‘unique’ by the Ministry of Finance Expert Panel. The largest of them weighed some 98 ct.
Both the organizers and the bidders believe the auction was a success, as all the available lots have been sold for a total amount of approximately US $ 14 million.