Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

ALROSA sells rough and polished diamonds worth USD 390 million in June

11 july 2018

ALROSA, the world’s largest diamond miner, announces diamond sales results for June and six months of 2018.
In June 2018, ALROSA Group sold USD 390.3 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 383.7 million, polished diamond sales – USD 6.6 million.
ALROSA’s total diamond sales in the first six months of 2018 amounted to USD 2.689 billion. Rough diamonds were sold for USD 2.639 billion, polished diamonds – for USD 49.9 million.
“Demand for the whole diamond assortment remains stable allowing the Company to obtain good sales results. Sales in June were 35.5% higher against May this year, and 7% higher compared to June last year. Altogether, in the second quarter, there was almost no noticeable seasonal drop traditional for this period,” commented on the sales results ALROSA Deputy CEO Yury Okoemov.