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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 sells rough and polished diamonds worth USD 309.7 million in September

11 october 2017
ALROSA Group, the world leader in diamond production, announces diamond sales results for September and nine months of 2017.
In September 2017, ALROSA Group sold USD 309.7 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 305.8 million, polished diamond sales – USD 3.9 million.
In January–September 2017, ALROSA’s rough and polished diamond sales amounted to USD 3.357 billion. Rough diamonds were sold for USD 3.289 billion, polished diamonds – for USD 68.1 million.
The trade activity in September have remained at the level of the previous month. The increase in sales compared to August this year is mainly due to the bigger volume of sales of rough diamonds over 10.8 carats at auctions, and some increase in sales on the spot market.
"The decline in sales in September compared with the same month in 2016 is due to lower activity level in the market, particularly caused by the early beginning of the Diwali festival in India this year, for which reason many factories are closed for a long period. However, we expect traditional revival of the market situation in the fourth quarter as the industry starts to prepare for the winter holiday season”, said ALROSA Vice President Yury Okoyomov.

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