Russia's Gokhran Raises $17.9M at +10.8 Cts Auction
April 24, 13
(IDEX Online News) – Russia's state precious metals and gemstones repository, Gokhran, has auctioned off 572 large-size rough diamonds for $17.9 million, according to a finance ministry official cited by RIA Novosti. 
The auction, the first that Gokhran has held this year, included 709 ‘Specials,’ diamonds weighing 10.8 carats and larger, with 38 diamond polishing firms taking part.
“If all participants of the auction pay the bidding price, we will fulfill our sales plan for this year by 250 percent," the official said.
At a similar auction in March 2012, Gokhran sold 525 rough diamonds weighing 12,056 carats raising more than $26 million.