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Russia’s first e-auction selling emeralds fails

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Russia’s first e-auction selling emeralds fails

The first electronic auction selling emeralds on the stock exchange of the Russian city of Saint-Petersburg, which was scheduled for Monday, did not take place, the press-secretary of Kaliningrad Amber Factory, Anna Manakova, informed Interfax news agency on February 21.


“The auction was not held. It is too early to name the reasons. We will carefully analyze and draw conclusions”, - Manahova said. In the report of Saint-Petersburg stock exchange for February 20, there isn't any information about the auction for the sale of emeralds.

In “Mineral raw materials” section, there are only several lots of amber, but there was not a single transaction for these lots.

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