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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 rough and polished diamonds worth USD 288 million in May

09 june 2018
news_09062018_alrosa.pngALROSA Group, the world leader in diamond production, announces diamond sales results for May and five months of 2018.
In May 2018, ALROSA Group sold USD 288.0 million worth of rough and polished diamonds. Rough diamond sales amounted to USD 277.5 million, polished diamond sales – USD 10.5 million.
ALROSA’s total diamond sales in January-May 2018 amounted to USD 2.299 billion, including rough diamonds sales of USD 2.256 billion and polished diamonds sales of USD 43.3 million.
“We continue seeing good demand for almost all assortment of our diamond products. There was a planned decrease in sales in May compared to the similar period last year due to the sale of the inventories accumulated by the beginning of the year and a seasonal decline in the current production, mostly driven by mining suspension at some alluvial deposits in the first months of the year,” – commented on ALROSA’s sales results Deputy General Director Yury Okoemov.

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