Press Releases

ALROSA Launches Digital Tender for Large Rough Diamonds

The auction takes place between March 23 and April 6.

Published

5 years ago

March 27, 2020

INSTORE Staff

(PRESS RELEASE) ALROSA has launched a digital tender for special size rough diamonds (over 10.8 carats). It allows customers to purchase stones despite current traveling restrictions imposed between countries due to the COVID-19 pandemic. The auction takes place between March 23 and April 6.

Due to the global situation, the company decided to cancel the upcoming special size auctions, simultaneously offering customers an opportunity to take part in a digital tender.

Digital tender is based on the technology that provides customers with a full digital scan of each rough diamond for detailed analysis. This allows buyers to thoroughly evaluate the rough and make informed purchasing decisions based on comprehensive data without visiting the company’s office.

“Health of our employees and customers is of prime importance to us. Therefore, we have decided to cancel the upcoming auctions and shorten those already in progress. ALROSA is in constant contact with customers from various countries and considers different supporting measures. One of the opportunities is a digital tender. It will not replace the traditional trading model, but becomes a solution for those who are ready to work remotely right now. We will provide all the necessary information about our rough diamonds and will negotiate with customers on payment terms and logistics,” said Evgeny Agureev, deputy CEO of ALROSA.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”