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18.08.2014
Diamonds as a Commodity? Not a Problem - Sians Mussa
sians_mussa_preview.jpgSians Mussa is President of the Italian Diamond Bourse. He began his career as diamond dealer in 1969. The Sians family has been active in the Diamond industry for 3 generations and has offices in Milan, Rome, Valenza, Tel Aviv and New York. President Sians currently works in his Italian office together with his two sons, David and Doni. President Sians discussed with Rough&Polished the role of diamond bourses, what diamond represents in modern society, and the status of the Italian jewellery industry.

11.08.2014
What kind of impact may possible sanctions from U.S. and E.U. produce on jewelry community?
The diamond and jewelry industries have repeatedly been through various ordeals. So, should the Russian jewelers be fearful for their business in the light of recent events? And will the Russian diamond industry turn to be a winner in some way in case of sanctions on the part of Europe or America? Rough&Polished addressed these questions to the heads of diamond industry companies.

04.08.2014
We need to have close relations with bigger mining companies to get enough and timely rough supply - Navrattan Kothari
navrattan_kothari_preview.jpgA highly respected businessman held in high esteem in the Indian gems and jewellery industry, Mr. Navrattan Kothari, Chairman, KGK Group of India, has steered the conglomerate for over 50 years, with the Group now having grown into a world-class business empire. Under his guidance, the KGK Group, besides its underlying operations, funds many programs through a trust that looks into education of the underprivileged and provides healthcare facilities. Here, Mr. Kothari speaks to Rough&Polished about his initiation into the family business and his perception of the gem and jewellery business in India and all over the world as well.





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

06.07.2011

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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