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...


Platinum’s rare nature gives it additional value and appeal

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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...

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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

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ALROSA changes its client policy to maximize profit

25 march 2019

alrosa_logo.jpgALROSA, a Russian diamond mining company, intends to modernize its client policy to increase the company's profit, FINMARKET.RU reports, citing the company's CEO, Sergey Ivanov.
The company will exclude fancy and exclusive stones from customer boxes in order to cut and polish them at its diamond cutting factories, since the cost of producing such polished goods is insignificant relative to the selling price of the finished product.
In addition, the report says that ALROSA intends to change the principle of allocating boxes to customers. The assortment will be aimed at meeting the demand of diamond manufacturers. According to the innovation in the client policy, the company keeps the right to change the product range depending on the preferences of diamond manufacturers within a three-year contract period.
The company also said that customers who used to purchase the company's products in poor market conditions will be able to purchase more stones when the market is positive.
Earlier, it was reported that ALROSA smoothly switched to cutting and polishing its own colored diamonds to be sold directly to consumers and was considering the possibility of acquiring Kristall, a Smolensk-based diamond manufacturer. However, the company's stakeholders are cautious about the transaction, the agency says.

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