Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“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

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.