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Diamond should always be the real thing - Ali Pastorini

Ali Pastorini, Senior Vice-President of the World Jewelry Hub in Panama City and owner/partner of DEL LIMA JEWERLY in an interview to Rough & Polished talked about the trends of the jewelry market in Latin America, the preferences of its consumers...

22 august 2016

We are in a seasonally quieter period for demand – De Beers

De Beers’ rough diamond production dropped 15 percent to 13.3 million carats during the first half of 2016 compared to 15.6 million carats, a year earlier, reflecting the decision to reduce production in response to prevailing trading conditions in the...

15 august 2016

The task set before industry is to provide consumer with maximum information about diamonds we sell

(Interfax.ru) - After “conflict diamonds” have been virtually excluded from the market by the Kimberley Process (KP), the latter, as well as the World Diamond Council (WDC) found they...

08 august 2016

"I believe that honesty, integrity, and impeccable customer service are the key points to maintaining a long-lasting company” - Leibish Polnauer

More than 35 years ago, Leibish Polnauer entered the industry, trading in fancy cut diamonds but soon the love for color drew him into the fancy colored diamond sector. The mid 90s saw him develop his first online website and he eventually became one...

08 august 2016

Diamond Centre as Part of Olonkholand

Lena Fyodorova, Director of Olonkholand Complex Design Company told Rough&Polished about the possibilities arising with the creation of the Diamond and Jewellery Centre in Yakutsk within the framework of the Olonkholand Complex.

01 august 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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