“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

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

ALROSA shares fell to six months minimum

06 march 2019
ALROSA shares dropped by 1.76% at the trading session held on Tuesday. The trading in equities of the Russian diamond mining company closed at 92.00 rubles per share. This was reported by the BCS Express portal, which noted that the company’s equities looked worse than the Moscow Exchange index, which fell by 0.31%.
The technical picture is cautiously negative, according to an analysis published by the portal. The trend indicators point to the prevalence of sellers in the company's shares. BCS Express’ expert mentioned the possibility of a rise in the company's stock price to the level of 94.5 rubles per share but said that if the share price is to drop below 92 rubles, there are chances that it will continue to fall to 88.3 rubles per share, although it is too early to talk about achieving this level. The medium-term positive scenario is now hardly likely and implies a return above 94.5-95 rubles per share followed by consolidation over this area, the report concludes.

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