“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 announces its Q1 2019 operating results

17 april 2019

ALROSA, a global leader in diamond production, reports its Q1 2019 diamond production of 7.8 m carats and sales of 10.6 m carats grew 18% q-o-q (down 21% y-o-y). Total sales in value terms grew 19% q-o-q to $1 bn (down 37% y-o-y).
Q1 diamond production grew 5% y-o-y to 7.8 m carats while ore and gravel processing increased 11% y-o-y to 6.4 m tonnes.
Average diamond grade was 1.23 carats per tonne (5% y-o-y) on the back of higher share of lower-grade ore processing.
Rough diamond sales grew 18% q-o-q to 10.6 m carats, including 7.9 m carats of gem-quality diamonds (up 50% q-o-q) as cutters were restocking their supplies of small- and medium-size diamonds.
Diamond inventories as at the end of Q1 2019 went down by 16% q-o-q (up 16% y-o-y) to 14 m carats.
Average realised prices for gem-quality diamonds fell 19% q-o-q (20% y-o-y) to $123/carat due to a larger share of small-size diamonds in total sales and lower prices mostly for medium-size diamonds.
In Q1 2019, the diamond price index was down by 3.1% q-o-q.
Sales increased 20% q-o-q to $988 m, but decreased 38% y-o-y.