Gokhran for the first time put up for auction jewelry of the Soviet period

In may, the Gokhran of Russia plans to auction off part is stored in the trusted his care by the state Fund jewelry to auction for the first time in history will be on display jewelry of the Soviet period, according to “Rossiyskaya Gazeta” the head of Gokhran, Andrey Yurin.

“From this auction we will implement jewelry, made in the Soviet period. We have enough of them, on sale we put a small amount. These products will interest buyers, because they are solid, as stones and metals from which they are made, there is no doubt,” — said Jurin in an interview (quoted by TASS).

The head of the public institution, storing and replenishing the State Fund of values, assured that the decision to arrange the sale not connected with the deterioration of the situation in the economy. “The situation in the country today is not the same as in 90-e years. Then the State Fund of precious metals and precious stones of the Russian Federation was a significant source of financing the Federal budget deficit. Now Russia has considerable reserves, and the necessity of urgent realization of the stocks of the State Fund of precious metals and precious stones there,” — said Jurin.

At the end of 2014 in an interview to the same “Russian newspaper” Yurin said that if necessary the government can sell valuables from the state Fund for the budget, but in the coming years, this is not required. “Precious metals and stones sold at the very least. I think this will not happen”, — said the head of Gokhran.

At the end of February 2016, the Gokhran for the first time sold at public auction a part stored in its reserves of rough diamonds. The auction was attended by 19 companies who paid for diamonds with a total weight of more than 13 thousand carats in excess of $5.53 million According to official figures, exceeded total price on the initial on individual lots ranged from 10% to 26%.