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Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

ALROSA sells large diamonds in Hong Kong for $10.4 mln

02 july 2018
ALROSA, the world's largest diamond mining company, has summed up the results of the auction in Hong Kong for the sale of special size rough diamonds (weighing over 10.8 carats). The company received a total sales revenue of $10.4 million, which is more than 1.5 times higher than the starting price.

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Image credit: ALROSA


In total, 100 gem-quality lots with a total weight of 1550 carats were sold. The companies from the largest diamond trading centers, including Hong Kong, Belgium, Israel, India, the UAE and Russia, attended the auction. 28 firms were recognized as winners for different lots.
“We successfully held this year’s second auction in Hong Kong, which is one of the key regions in our business. The composition of participating companies turned out to be quite diverse: we invited more than 80 companies, the geography covers almost all the world diamond centers. In autumn, our third auction in Hong Kong will take place. We also plan to bring there an interesting assortment," Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, commented on the results.
In September 2018, ALROSA will hold an auction in Hong Kong as part of the jewelry exhibition Hong Kong Jewelery & Gem Fair.

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