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Alrosa sells $11 mln worth of diamonds at first electronic auction

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Russia's diamond monopoly Alrosa has held its first electronic auction and sold $11 million worth of diamonds, it said on Wednesday.

Russia's diamond monopoly Alrosa has held its first electronic auction and sold $11 million worth of diamonds, it said on Wednesday.

The state-owned company, which accounts for over one-quarter of international raw diamond output, offered 108 lots and invited 30 Russian and foreign companies to participate in the sale, it said in a statement.

Alrosa said the auction was successful and it now plans to hold regular auctions from the fourth quarter of 2011.

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