The Gokhran of Russia will hold an auction of rough diamonds (with the exception of +10.8 carat stones), polished diamonds and polished emeralds, according to the department’s website.
The State Fund intends to sell 22.16 carats of cut emeralds, 15.42 carats of polished diamonds and 60,822.14 carats of rough diamonds.
Interested parties can submit applications for participation in the auction until November 29. It is possible to preview lots. Viewings are going to be held from November 24 to December 1, and on December 4. Price proposals will be accepted from November 24 to December 4. Proposal envelopes will be opened on December 5th. The bidder's proposal containing the highest price is recognized as the winner of a particular lot.
To replenish the federal budget, it is planned to sell precious metals and precious stones from state reserves worth 2.5 billion rubles in 2023, 1.5 billion rubles in 2024, and 1 billion rubles in 2025.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
