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’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