Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

ALROSA sells large rough diamonds in New York for $7.9 mln including two stones of especially large size

12 october 2018
ALROSA, the world's largest diamond mining company, has sold special size rough diamonds (over 10.8 carats) at an auction in New York which was held from September 17 till October 5.
The company sold more than 90% lots with total weight of over 1.300 carats worth $7.9 million. The auction was attended by clients from the US, India, Israel, Belgium, the United Arab Emirates and others.

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108 carats                                                                              Image credit: ALROSA


The key stones of the action were - a white diamond with yellow shade weighing almost 98 carats and a white diamond weighing 108 carats. Both stones were mined at the Yubileinaya pipe in Yakutiya. Recently Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, noted that such large and pure diamonds are extremely rare in nature.

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98 carats                                                                              Image credit: ALROSA


"The auction was held during some major holidays, therefore some of our customers couldn’t attend it. So it had an effect on the overall result. Meanwhile the sale of coloured stones was extremely successful - we sold all but one lot. And the efficiency was quite high", - said Eugene Agureev.
He also said that despite the fact that the United States is a key consumer of polished diamonds, ALROSA’s rough diamond auctions are very successful and attract more and more customers.