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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...

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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 large diamonds for $14.5 mln at the auction in Israel

01 june 2018
ALROSA, the world's largest diamond producer, has sold special size rough diamonds (weighing over 10.8 carats) at the auction in Israel, having received $14.5 million revenue from sales.

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Image credit: ALROSA


The company has sold 112 gem-quality lots with a total weight of 1824 carats. Firms from Israel, Belgium, India, USA and UAE participated in the auction.
“This year’s third auction in Israel has concluded with good results and a significant excess of the starting price. More than 100 firms from major centers of rough and polished market took part in it. We saw traditionally high interest from Israeli companies, which are specializing on this category of rough diamonds,” Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, commented on the results.
Until the end of 2018, ALROSA plans to hold three more auctions at the Israeli site in Ramat Gan, one of them will be held simultaneously with the Jovella jewelry exhibition in June. In accordance with Russian law, special size rough diamonds over 10.8 carats can be realized only through auctions.

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