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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

ALROSA sells all the auctioned large diamonds at EEF

12 september 2017
ALROSA summed up the results of two auctions for rough and polished diamonds that were held at the Eastern Economic Forum. The company sold all 45 auctioned rough diamonds and 33 of 36 polished diamonds.
The United Selling Organization (USO) of ALROSA organized previews of special size rough diamonds of 10.8+ carats from August 21 to September 6. The results were summed up on September 7. The company sold all 45 auctioned rough diamonds with total weight of 1,293 carats. Total revenue from the sales amounted USD 14.8 million.
"Like last year, we note a high interest in the auction. About 50 companies from the US, India, Israel, Belgium, China and UAE participated in it. The most expensive lot was sold for nearly USD 1.75 million", ALROSA Vice President Yury Okoyomov said.
Furthermore, from August 22 to September 5, DIAMONDS ALROSA, the company's own cutting and polishing division, held an auction for polished diamonds, where 33 of 36 offered stones from 2 to 12 carats in size were sold.
"Almost all diamonds we offered at the auction were sold at significant premium to starting price. Total sales volume amounted USD 1.7 million", Pavel Vinikhin, Director of Diamonds ALROSA, said.
ALROSA's division in Vladivostok which organized auctions is in charge of sorting, preliminary valuation, pre-sale preparation and sales of all ALROSA’s rough diamonds.

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