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De Beers speaks on demand for diamond jewellery, impact of India’s demonetisation policy on gems trade and synthetics’ threat or lack thereof

Global diamond giant, De Beers said that last year’s demand for diamond jewellery, across the key consumer markets, was broadly stable on 2015. Group head of media relations Lynette Gould told Rough & Polished’s Mathew Nyaungwa that the United States...

16 january 2017

We create jewelry that will remain after us

Jewelry holding Ringo, founded in 1993 in Ekaterinburg is one of the leaders in the Russian jewelry market, having an extensive customer base, a modern integrated manufacturing facility comprising all the cycles of jewelry making, from generating creative...

09 january 2017

Diamonds clad in tailor-made software

"Many passionate people believe in the future of the diamond sector but very few companies have the perception to invest in technology... have difficulty thinking or planning for long term,” feels Stephane Dujourdy, owner of an e-business company and...

04 january 2017

ALROSA is exploring Botswana for diamond deposits

Having 60 years of industrial diamond mining experience under its belt, ALROSA has long been successfully operating in several African countries, which are applying its expertise to a full extent. In 2012, the company formulated its Strategy for Developing...

26 december 2016

We are operating now in a more challenging geopolitical landscape

The world’s largest diamond hub in the City of Antwerp, tracing its origin as far back as the middle of the 15th century, came to its prominence soon after the Eureka Diamond, the first stone of this kind discovered in South Africa, caused a massive...

15 december 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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