Russia's Kristall planning two sales of diamonds of 2 carats and higher

Russian diamond manufacturer Kristall Production Corp is to hold two tenders for the sale mostly of diamonds of 2.00 carats and heavier.

The first tender is to be held at Kristall’s branch office in Hong Kong later this month, with a February 22 deadline for companies interested in taking part.

Meanwhile, the second tender will take place next month in New York, also at the company's offices, with a March 15 deadline for interested bidders.

Kristall said it will open envelopes with the tender bids on March 26.