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In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

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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

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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