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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 sold rough and polished diamonds worth almost USD 4.3 billion

11 january 2018
ALROSA Group, the world leader in diamond production, announces diamond sales results for December and interim results for 2017.
In December 2017, ALROSA Group sold USD 237.8 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 228.3 million, polished diamond sales – USD 9.5 million.
According to preliminary figures, ALROSA’s rough and polished diamond sales in 2017 amounted to USD 4.267 billion. Rough diamonds were sold for USD 4.17 billion, polished diamonds – for USD 96.9 million.
“In 2017, rough diamond demand was fairly stable, market activity was in line with the seasonality and our expectations. The average price of rough diamonds sold by ALROSA was a little lower than a year ago, which is due to the changed sales assortment resulting from the increased demand for small-sized rough diamonds from Indian diamond cutting sector in the first half of 2017. We expect that in 2018 the diamond market will be balanced due to a moderate growth in the global demand for diamond jewelry and no major change in the global diamond mining,” said ALROSA Vice President Yury Okoemov.

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