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...

Yesterday

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 sales decreased by 44% in January 2019 compared with last year

12 february 2019
alrosa_logo.jpgThis last January, ALROSA Group’s rough sales reached $ 278.2 million, while its polished sales were pegged at $ 3.4 million, bringing the Group’s total revenue to $ 281.5 million, which is -44% compared with January 2018, when its sales amounted to $504.5 million ($499 million in rough sales and $5.5 million in polished sales). The company reported this in a trade update distributed on Tuesday.
The total sales of ALROSA in December 2018 and January 2019 decreased by 17% compared with December 2017 and January 2018. The Russian diamond miner earned $ 601.9 million in December 2018 and January 2019, while it raked in $ 727 million in the same period in 2017 and 2018.
At the same time, the company mentioned that its cumulative sales in December 2016 and January 2017 stood at $ 537 million.
“In January, market activity was lower than usual. After active restocking at the midstream in December 2018 (our December sales were up 20% qoq and up 46% yoy), our January sales came lower. At the same time combined sales in December 2018 and January 2019 reached three years average number of $601.9 million. Sales in the diamond market are always cyclical, and apparently, we are seeing the expected correction after the peak values in previous periods,” Yury Okoemov, ALROSA Deputy CEO, noted.

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