ALROSA has announced that the polished diamond auction which was originally scheduled to be held in March during the Hong Kong jewellery show will now be held from March 1-11 at its Ramat Gan trading office in Israel.

The auction is being organised by Diamonds of ALROSA, the company’s cutting and polishing division, and will offer polished diamonds of regular colour weighing over 5 carats as well as fancy yellow, pink and purple lots. One of the highlights will be a pear shaped diamond of a rare Intense Yellowish Orange colour, ALROSA said.

“In Israel, we will show different polished diamonds, including fancy coloured. There is a stable demand for fancy colour diamonds among customers around the world,” said Pavel Vinikhin, head of Diamonds of ALROSA.

The auction was shifted to Israel after the organizers of the HK show postponed the spring fair until May.