The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...


The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

ALROSA’s sales in January-April of this year decreased by 34% compared with last year

13 may 2019
ALROSA said that its sales of rough and polished diamonds in January-April 2019 reached $ 1,322.9 million, of which rough diamonds accounted for $ 1,003.8 million and polished diamonds for $ 19.2 million. Compared with the same period last year, the company’s sales went down by 34.21%.
Last year, these figures for ALROSA were significantly higher. “ALROSA’s total diamond sales in January-April 2018 amounted to USD 2.011 billion. Rough diamonds were sold for USD 1.978 billion, polished diamonds – for USD 32.9 million,” the company said at the time.
The fall in ALROSA’s sales of rough and polished diamonds over the past year reached 34.21%. The miner’s sales of rough diamonds decreased by 34.08%, while its sales of polished goods dropped by 41.64%.

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