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

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

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.