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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...

Yesterday

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 reports Q1 2018 production and preliminary trading performance

20 april 2018
ALROSA Group’s diamond production for Q1 2018 totalled 7.4 million carats, down by 17% year-on-year.
“The key factors behind the decline were reduced production at the Mirny Division, which was caused by the shutdown of the Mir underground mine following the August 2017 accident, processing of lower grade ore from the Jubilee pipe and termination of processing of ore from the Udachny open-pit after open-pit mining there was completed. At the same time, the Company continues growing production at its key expansion projects: in Q1 2018, output at the Udachny underground mine and Severalmaz demonstrated an increase year-on-year. Production plan for FY 2018 is 36.6 million carats,” – said Igor Sobolev, First Deputy CEO - Executive Director of ALROSA.
Indicatively, in Q1 2018 ALROSA Group sold 13.3 million carats of diamonds, including 10.1 million carats of gem-quality diamonds at an average price of USD 154 per carat, and 3.2 million carats of industrial diamonds at an average price of USD 8.0 per carat. Rough and polished diamond sales amounted to USD 1.582 billion and USD 23.7 million respectively.

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