ALROSA's net profit for the first quarter fell 87% y-o-y

ALROSA’s net profit for the 1st quarter of 2020 under IFRS amounted to 3 billion rubles, which is a 74% drop from 11.7 billion rubles compared to the previous quarter and fall of 87% compared to last year due to non-cash factors.

05 june 2020

Indian diamond manufacturers urged not to import rough diamonds in June

At present, about 30 per cent diamond manufacturing units in Surat have resumed operations, due to shortage of workers.

05 june 2020

Angola H1 diamond revenue falls

Angola’s diamond revenue has dropped in the first half of the year, according to the governor of the National Bank of Angola, José de Lima Massano.

05 june 2020

ALROSA’s Severalmaz cuts production

PJSC Seralmaz, part of the ALROSA Group, will reduce production at its Lomonosov Division in 2020 due to the closure of the Group’s key sales markets and a slump in demand for diamonds amid the coronavirus pandemic.

05 june 2020

Titan to record decreased profit for 1H due to COVID-19

Tata Group company Titan recently announced that the company’s operating cash flow was negative in the last two months due to virtually zero sales in the first six weeks of lockdown.

05 june 2020

Following Revolt, the Rapaport Price List Will Go Monthly

07 april 2020

Image credit: Gerd Altmann (Pixabay)

( - Thursdays will never be the same in the diamond industry. Following a furor after he lowered prices by an average of 7% on his March 20 price sheet, founder and publisher Martin Rapaport announced that he was changing many aspects of his widely watched price sheet during a webinar on Wednesday. Among the most notable: The Rapaport Price List, which has been published weekly since its inception in 1978, will now be published monthly. The new frequency will “give the industry time to react [to changes],” Rapaport said. “Leaving a month between price sheets is going to give the industry an opportunity to breathe and give the industry time to interact with us and say, ‘You’re wrong here, you’re right there. Go up here, go down there.’ So we can have more interaction.”