Now that prices have begun to climb once again it is important not to return to the situation that existed before - Gaetano Cavalieri

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation members...

24 october 2016

The period of volatility and gradual adjustment will continue in the immediate future - Vipul Shah

Vipul Shah, an ace businessman and visionary, has been instrumental in establishing the Asian Star Group’s global network. Under his guidance, Asian Star, a company solely into diamond manufacturing, ‘metamorphosed’ into a value added, vertically integrated...

17 october 2016

Young diamantaires aim to take diamond industry forward

It started out as an informal meeting of diamantaires attending the 37th World Diamond Congress in Dubai last May, but quickly took off. The World Federation of Diamond Bourses' (WFDB) Young Diamantaires group held its inaugural meeting in Hong Kong...

10 october 2016

Dorothée Gizenga: ‘Blood diamonds’ are no longer the real problem

Dorothée Gizenga, head of the Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, in her interview to Rough&Polished told about the challenges facing DDI and the programs it is implementing.

03 october 2016

We estimate gold demand for 2016 to be in the range of 750 to 850 tonnes – Somasundaram, MD, WGC-India

Somasundaram PR joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. A qualified Chartered Accountant, Som has over...

26 september 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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