en.Wedoany.com Reported - Russia's State Repository of Precious Metals and Gemstones (Gokhran) will hold a public auction on July 21, 2026, offering a batch of diamonds from the Russian State Fund with a total weight of 2,516.02 carats across 221 lots, all exclusively for the Russian domestic market. The total starting price for all lots is $481,129, with the smallest lot weighing just 0.45 carats and starting at $106.2, and the largest lot weighing 77.65 carats with a starting price of $621.2. The most expensive lot weighs 5.35 carats, with a starting price of $18,363.6 and a bidding increment of $200.
Russia's State Repository of Precious Metals and Gemstones (Gokhran) is a national-level institution under the Ministry of Finance of the Russian Federation, responsible for the procurement, storage, sale, and use of the state fund of precious metals and gemstones. Its history dates back to the treasure chamber established during the reign of Tsar Peter the Great in 1719, and its current system was formally established by Resolution No. 1378 of the Government of the Russian Federation on November 21, 1996. Gokhran regularly organizes public auctions of gemstones from the state fund, having conducted similar auctions multiple times in the past. Prior to this auction, Gokhran had disclosed plans to sell 7,391.7 carats of natural diamonds in unprocessed form.
The auction will take place on July 21 local time in Russia. According to Gokhran's previous auction rules, bidders are required to inspect the auction items one month in advance. The auction adopts a sealed-envelope bidding method, with the highest bidder winning. Gokhran is the Russian abbreviation (Гохран) for the State Repository of Precious Metals and Gemstones, and its auctions serve as an important channel for the market-oriented operation of precious metals and gemstones from the Russian State Fund.
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