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Today

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

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Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

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India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

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25 march 2019

ALROSA earns $463 mln at international auctions in 2018

18 january 2019

alrosa_logo.jpgIn 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving a total revenue of $463 million for the year.
The company traditionally holds auctions in six countries – Russia, Belgium, Israel, Hong Kong, the United Arab Emirates and the United States. The largest number of auctions in 2018 was held in Moscow - 11, another 4 were held in Vladivostok. For the first time in many years, the company held two auctions at its sales office in New York, which resumed operations last year. Another six auctions took place in Ramat Gan (Israel), three in Hong Kong (China), four in Dubai (United Arab Emirates) and two in Antwerp (Belgium).
ALROSA has planned 37 international auctions for 2019, increasing the number of auctions in Antwerp, New York and Dubai. There will be still 11 auctions in Moscow and 4 in Vladivostok. According to the approved schedule, another 18 auctions will be held in the world’s largest diamond trading centers: four of them – in Antwerp, five – in Dubai, six – in Ramat Gan, three – in Hong Kong. Four auctions are scheduled for this year in New York.
“International auctions are an integral part of our trading activity, since large rough diamonds in accordance with Russian law should be sold only in this way. Large diamonds are usually in good demand in the market, so each of our auctions collect up to 100 participants. In general, we are pleased with the results of 2018, and we found opportunity to increase the number of auctions in 2019 to 37 against the background of stable demand. In 2018, auction activity at our promising Far Eastern site, which today is not inferior to global diamond trading centers, went well. One of the notable events of the past year was the resumption of our sales office in New York, where we held two auctions and, having received positive feedback, decided to increase the number of auctions in the United States this year,” Evgeny Agureev, Member of the Management Board, Director of the United Sales Organization at ALROSA, said.