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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

ALROSA Q1 production +9%, sales reach 14.1 million carats

20 april 2017
On Thursday, ALROSA reported its first quarter 2017 diamond production performance and preliminary trading results.
ALROSA’s Q1 2017 diamond production totalled 8.9 million carats, up by 9% year-on-year In line with 2017 production plan of 39.2 million carats (+5% y-o-y increase). The growth in production is driven by ramping up diamond mining at Aikhal, Mir, International, Udachny underground mines and also by processing of higher grade ore from the Jubilee pipe.
Indicatively, in Q1 2017 ALROSA sold 14.1 million carats of diamonds, including 11.0 million carats of gem-quality diamonds at an average price of USD 117 per carat and 3.1 million carats of industrial diamonds at an average price of USD 7 per carat. In Q1 2017, revenue from rough diamond sales amounted to at least USD 1,309 million. Revenue from polished diamond sales totalled at least USD 32 million.

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