Russian diamond mining monopoly Alrosa has signed a Letter of Intent for the sale of large and unique diamonds manufactured by its Brillianty Alrosa unit, as well as diamond jewelry, at auctions held by Sotheby’s.

The document provides for the possibility of the diamonds to be offered for sale at auction to be GIA certified.

"Signing this Letter of Intent with Sotheby’s aims at further promotion of the brand Alrosa on international markets and optimization of the company’s cutting and polishing complex," Alrosa said in a statement.

IDEX