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Giant pieces of amber go under hammer as Russia holds intl forum

June 21, 2022 / 8:45 AM
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Sharjah24 – Reuters: Russia played host to the 2022 International Economic Forum of the Amber Industry, Amberforum, on June 16-19 in Svetlogorsk in the Russian exclave of Kaliningrad.
The highlights of the forum were two auctions which saw 80 items going under the hammer.

The lots fetched around 21 million roubles ($380,000) in total, according to forum organisers - higher than the estimate.

Many of the lots weighed over a kilogram; the most expensive one, weighing 1.3 kilograms, was sold for 1,640,000 roubles (around $30,000), according to Russia's TASS news agency.

Along with Russians, buyers from Lithuania, Armenia, Hong Kong, Serbia, Turkey and China participated in the auctions.

Kaliningrad region is an isolated Russian exclave - sandwiched between EU and NATO members Poland and Lithuania - which is thought to hold over 90% of the world's reserves of the kind of amber found here.

Most of the amber is quarried near the town of Yantarny - which means 'made of amber' in Russian.
June 21, 2022 / 8:45 AM

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