“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

ALROSA July rough and polished diamonds sales reached $339 million

10 august 2018
ALROSA, the world’s largest diamond miner, announces diamond sales results for July and seven months of 2018.
ALROSA July 2018 sales of rough and polished diamonds increased by 16% yoy to $339.1 million. Rough diamond sales by value amounted to $333.8 million, polished diamond sales – $5.3 million.
January-July 2018 total diamond sales grew 9% yoy to $3.029 billion. During the 7 months of 2018, rough diamonds were sold for $2.973 billion, polished diamonds – for $55.3 million.
“Compared to last year, demand for rough diamonds remains more balanced – almost all diamond categories benefit from continued demand in key markets globally. In July, there was a minor seasonal softening on the market in the run up to August holidays, but not as intensive as last year. Demand for expensive high-quality diamonds kept being strong during seven months,” commented on the sales results ALROSA Deputy CEO Yury Okoemov.