“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

ALROSA sells large rough diamonds in Israel for $9.3 mln

05 april 2019

alrosa_logo.jpgALROSA, a global leader in diamond mining, summed up the auction  for special size rough diamonds (over 10.8 carats) in Ramat Gan, Israel.
The company sold 92 rough diamonds weighing 1,700 carats in total. The overall revenue amounted to $9.3 million. More than 30 companies were recognized as winners in different auction positions.
“Local firms, most of which specialize in large rough diamonds, participated in the auction, as well as other representatives of the global diamond market. We invited over 100 companies. The auction completed with good results, the demand for our products in Israel market remains stable,” said Evgeny Agureev, Member of the Management Board, Director of the United Selling Organization at ALROSA.
In 2018, ALROSA held six auctions for special size rough diamonds in Israel, and the revenue for the year reached almost $ 90 million. By the end of 2019, the company will hold four more auctions in Ramat Gan.