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Nurit Rothmann: Gradually Breaking Down Industry Barriers

Diamantaire Nurit Rothmann has been working in the diamond industry for the past two decades. Starting out in polished goods, but in the past 15 years working in rough goods, she is optimistic about the future, saying the global diamond industry has...

23 may 2016

The 37th World Diamond Congress in Dubai - "Finally, a chance for the entire diamond trade to speak with one voice"

The World Diamond Congress is the most important forum of the global diamond industry, which, in the words of Ernie Blom, President of the World Federation of Diamond Bourses (WFDB), gives its participants an opportunity to express their views on the...

16 may 2016

Moscow, Kremlin, Ilgiz F. and his jewels

The Kremlin Assumption Belfry housed an exhibition of Russian jeweler Ilgiz Fazulzyanov, "Jewels Inspired by Nature." Visitors still cherish the memory of other jewelry exhibitions held in the Kremlin earlier, like "Diamond in Russian Avant-Garde", Faberge...

10 may 2016

All industry members should operate their businesses prudently

Venus Jewel calls themselves ‘Leaders in Solitaires’ and rightly so, given that they are one of the leading Indian companies dealing in solitaires. Rajesh Shah, Partner at Venus Jewel, takes great pride in the fact that the company has 20 years of leadership...

04 may 2016

Diamonds performing ‘a little bit better’ than most commodities – Deloitte analyst

Liquidity crunch and a sluggish Chinese economic growth, inter-alia, dampened the appetite for rough diamonds last year. Mining analyst and partner at Deloitte Tony Zoghby told Rough & Polished’s Mathew Nyaungwa that despite the depression, diamonds...

25 april 2016

ALROSA kicks off its first round of e-commerce selling rough diamonds

06 july 2011

On July 5, the Market Council of Russian diamond miner ALROSA summed up the results of an experimental round of online rough diamond sales. According to the company’s press release received by Rough&Polished, the auction was held for market participants on a specialized electronic platform at direct invitations from ALROSA in accordance with the effective corporate rules for rough diamond auctions.
The first electronic auction put up for sale 108 lots of standard boxes under the current stock list of ALROSA. The diamond miner invited 30 foreign and Russian companies to take part in bidding.
The trading session resulted in approximately $11 million worth of sold goods.
The Market Council considered the experimental auction successful. From the fourth quarter of this year, after fine-tuning the software, outlining the schedule and specifying the notification and participation procedures for buyers of rough diamonds, e-auctions will be carried out on a regular basis.
In 2010, ALROSA produced 34.3 million carats of diamonds worth $2,180 million. The ALROSA Group sold a total of 3,483.6 million worth of diamond goods last year, a record amount in the company’s history.

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