GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

ALROSA’s 2018 sales decreased by 8% y-o-y

24 january 2019

alrosa_logo.jpgALROSA has announced today its operational results for Q4 and 12 months of 2018. The company’s diamond production in 12 months declined by 7% to 36.6 mn ct y-o-y while in Q4 the production decreased by 2% q-o-q to 10.3 mn ct.
In Q4 2018, the average diamond grade per tonne of ore increased 2.3 times q-o-q (down 0.2% y-o-y) to 1.38 cpt and in 12M 2018, the average diamond grade was flat at 0.91 cpt, showing a 10% y-o-y decrease.
ALROSA said that such decrease of the production results was due to the shutdown of the Mir underground mine (UM), the completion of open-pit mining at the Udachnaya pipe as well as seasonal suspension of production at alluvial deposits.
ALROSA’s 12M diamond sales also decreased by 8% y-o-y to 38.1 mn carats. In Q4 rough diamond sales (ex. polished diamond sales) were 9 mn carats (up 34% q-o-q). In Q4 2018, average realised prices for gem-quality diamonds fell by 23% q-o-q (up 10% y-o-y) to $153/ct due to a lower share of large diamonds sales. In 12M 2018, the average realised prices grew by 21% and reached $164/ct.
In value terms, Q4 sales declined by 13% q-o-q to $845 mn (down 7% y-o-y), with diamond sales (ex. polished diamonds) amounting to $824 mn. In 2018 total sales increased by $241 mn (up 6% y-o-y) to $4,507 mn. Diamond sales rose by $242 mn, despite lower sales in carats by 8%.
In 2019 the company’s production outlook is expected at 38 m carats.
ALROSA also noted a weaker demand for lower priced stones by the end of 2018. Such situation has formed mostly due to diamond oversupply on the market, rupee devaluation and lower liquidity in India, thus prices for uncertified melee diamonds went down and their cutting and polishing has become unprofitable under flat personnel expenses.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg