Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 september 2020

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

ALROSA won't reduce production next several years - Ivanov

09 february 2018
ALROSA President Sergey Ivanov said in an interview with Kommersant that in the next five years the diamond mining company does not intend to reduce production.
When asked whether ALROSA will follow De Beers' example of cutting sales to maintain prices, Ivanov said that this is not the company's task.
"Based on the current state of the world's diamond production capacity and growth in demand, we are confident that in the next five years or so we will not face the need to reduce production volumes," he said. "If we reduce production ... costs will immediately grow".
However, the company probably will not be able to increase production either due to technical factors, Ivanov noted, and in the coming years ALROSA's production will fluctuate in the range of 37-38 million carats a year.
In 2016, ALROSA reduced production while reacting to a drop in prices, but sufficient reserves were accumulated to be sold in 2017, he added.
"Our sales exceeded production - everything that has been accumulated has been realized, this year sales will also exceed production," Ivanov concluded.
Earlier, at a forum in Davos, Ivanov said that ALROSA expects sales of at least 40 million carats of diamonds this year - 36.6 million carats from production and 3.4 million carats from stocks.