The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 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.