ALROSA elects new Supervisory Board

Annual General Meeting of ALROSA Shareholders elected the new Supervisory Board on Wednesday, June 26.

Today

Botswana courts Surat diamond manufacturers

Botswana, which is the second largest diamond producer in the world after Russia, has invited Surat diamond manufacturers to scout for business opportunities in the country.

Today

ALROSA to allocate 100% of free cash flow for second half-year of 2018 for dividends

Annual General Meeting of Shareholders of PJSC ALROSA decided to allocate 100% of free cash flow for the second half-year of 2018 for the period-end dividend – RUB 30.3 billion.

Yesterday

De Beers diamond sales continue to weaken

De Beers’ diamond sales continued on a downward trajectory as demand remains weak, while supply for smaller and cheaper stones, is high putting pressure on polished prices.

Yesterday

India’s cut and polished diamond exports down by 15.12% in May

India’s exports of cut and polished diamonds decreased by 15.12% year-on-year during the month of May 2019 according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Yesterday

The Millennial Market That Many Jewelers Are Missing

20 december 2018
(jckonline.com) - Asian-American and Hispanic millennials are a growing force in the luxury goods market, though jewelers have been slow to recognize the increasing importance of this demographic, according to a new report by MVI Marketing. We started realizing about six months ago that this is the biggest shopping bloc within luxury goods for most American brands,” says MVI Marketing CEO Marty Hurwitz. “These consumers are living in our most expensive cities, they are attending top universities, they are buying premium real estate. Some luxury brands are not aware of this demographic. Most jewelry brands are not. Yet this is the growth demographic for luxury goods.”