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Alrosa rakes in US$14.5M from diamond auction in Israel

PJSC Alrosa said May 31 that its third auction in Israel received US$14.5 million in revenue from the sale of 112 gem-quality lots of special-size rough diamonds with a total weight of 1,824 carats.

The company plans to hold three more auctions in Israel this year.

Alrosa recently said it expects its rough diamond sales in the first half to be significantly higher than originally thought due to a stronger market.