EDC Sells Rough Worth $5 Million in Nov.

Moscow: ALROSA, the world leader in diamond mining, has announced the results of rough diamond sales held in the Eurasian Diamond Centre (EDC) in Vladivostok.

Rough diamonds worth USD 5 million were sold during the trading session held on November 21-25, 2016.

Rough diamond sales are the second in succession in the scope of operation of the Eurasian Diamond Centre. This time Russian and foreign long-term clients were offered, among others, industrial grade diamonds.

“In order to study potential demand, we offered average and small size rough diamonds to our clients in test mode at the last trading session. We assess the trading session results as successful,” says Yury Okoemov, ALROSA Vice President.

Quarterly sales of special size rough diamonds are planned at the EDC trading platform early next year.

The first displays and sales of ALROSA’s rough diamonds in Vladivostok were held in the lead-up to the II Eastern Economic Forum in Vladivostok on September 2-3 this year. That was also when the Eurasian Diamond Centre, which has recently become the hundredth resident of the Free Port of Vladivostok, was open.