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...

Today

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

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

Alrosa's revenue under RAS for the first quarter of 2019 decreased by 32% y / y

17 april 2019

alrosa_logo.jpgThe revenue of PJSC ALROSA, ALROSA Group’s head company, under RAS for the Q1 2019 decreased by 32% y / y to 49.4 billion rubles, which was mainly due to a decrease in sales volumes and an increase in sales of small-sized stones, which influenced the average selling prices per carat. These factors also influenced the net profit. In January-March, net profit under RAS amounted to 16.1 billion rubles.
"The decline in financial performance compared to Q1 last year was expected, given the overall market dynamics, which was observed from the second half of last year. Now, the global market is seeing a gradual recovery in demand from the cutting sector (due to the recovery of stocks from cutters) while steady demand for jewelry from polished diamond consumers continues,” said Alexey Filippovsky, Deputy CEO of ALROSA.
IFRS results for the QI 2019 are scheduled to be published in mid-May of this year.