High-tech trend is most promising for industries using diamonds

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT...

25 february 2020

Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

ALROSA may start producing lab-made diamonds

14 september 2016
(izvestia.ru) - ALROSA, the world's largest diamond miner, is exploring the possibility of establishing its own operation to produce synthetic stones. Rinat Gizatulin, Vice President of ALROSA told this to the Izvestia Daily. However, analysts doubt that the company will be interested in starting its own production of synthetic diamonds as an independent business: rough diamond production is highly profitable for ALROSA and it makes no sense for the company to ‘waste its time’ on producing lab-made diamonds on an industrial scale.
According to the vice-president of ALROSA, within the next year the company plans to formulate its further steps on the market of artificial stones and propose options for the approval of its shareholders. Since the project is only being discussed, the amount of possible investments and production is difficult to name.
"Before we start producing synthetic stones, we need to understand the prospects of this business and explain the need to work in this direction to shareholders," Gizatulin said.
The company has not decided so far, whether it will develop the new line of business on its own or in a joint venture with one of the existing Russian producers. Currently, there are at least three producers of synthetic stones in Russia based in St. Petersburg, Moscow and Novosibirsk.
According to Rinat Gizatulin, ALROSA has already created a think tank that monitors and analyzes the situation in this market. The company monitors the state of affairs in the market of synthetic stones to be able to respond to possible threats to the diamond industry, which may arise along with the development of technology.
"The main thing for us is to draw clear distinction between diamonds and synthetics. Our diamonds are created by nature millions of years ago, and any of them is unique. At the same time, we have been observing the developments related to synthetics for only 10 years, and we do not know what will happen with these stones in the future," Gizatulin said.
However, analysts doubt that ALROSA will be interested in rolling out its own production of synthetic stones as an independent business.