“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 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.

news_12102018_alrosa108.png
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.

news_12102018_alrosa98.png
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.