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This year, ALROSA’s geologists will continue to search for new diamond deposits in Africa

The Department for Evaluation of New Areas at the Research and Exploration Company affiliated to ALROSA is based in St. Petersburg and deals with the forecasting and prospecting of diamond deposits in the North-East European Platform and in promising...

08 february 2016

End of an era as Shmuel Schnitzer's fourth term ends

A month or so after stepping down from the presidency of the Israel Diamond Exchange (IDE) for the second time – making a total of eight years at the helm of one of the world's biggest bourses – Shmuel Schnitzer is able to provide valuable insights both...

01 february 2016

Amin Luxury: Style and Innovation

The theme of innovation has been a central one in the diamond industry. While everyone seems to agree with the fact that innovation is crucial for the business, few companies have come through with revolutionary ideas. Among them is Amin Luxury, a company...

25 january 2016

We will definitely need time to fix damages and rebuild foundations

Andre Messika was already an established diamantaire in Paris, known as a topnotch distributor of polished diamonds, when he migrated to Israel in 2003. In Israel, he opened the company’s - Andre Messika Diamonds Ltd - main office in The Israel Diamond...

18 january 2016

‘Brokers, dealers involved in Tanzania illegal mining, smuggling of gemstones, not small-scale miners’

Before Richland Resources exited Tanzania to focus on tsavorite mining in Australia, it constantly bemoaned the unabated illegal tanzanite mining that seriously disrupted operations on its Block C at Merelani. Although a joint venture agreement with...

11 january 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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