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

Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

ALROSA May sales of rough and polished diamonds are down compared to the last year’s results

10 june 2019

alrosa_logo.jpgALROSA, the world’s largest diamond miner, announces diamond sales results for May and five months of 2019.
In May, ALROSA Group sold $266 million worth of rough and polished diamonds which shows the decrease in sales compared with last year when the company sold $288.0 million worth of rough and polished products. Rough diamond sales by value amounted to $261.1 million, polished diamond sales –$5.0 million, while last year rough diamond sales amounted to $277.5 million, polished diamond sales – $10.5 million.
ALROSA’s total rough and polished diamond sales in January-May 2019 also fell amounting to $1,589 million compared to USD 2.299 billion gained from the sales from January to May, 2018. During the five months of 2019, rough diamonds were sold for $1,564.9 million, polished diamonds – for $24.1 million, while in 2018 rough diamonds sales of the company went up to $2.256 billion and polished diamonds sales to $43.3 million.
“We see the market entering its seasonal slowdown phase. The India’s cutting and polishing sector is still facing a challenge of financing, which holds back the growth in demand for diamond products. The retailers’ stock level remains quite high but keeps declining – this process will take some time. At the same time, we should note the activity of end consumers of jewelry products in the main markets. While the global diamond production is expected to decrease: by 4% in Q1 compared to the same period last year. These factors give us the reasons to expect that the stock level in the system will gradually get back to normal,” commented Evgeny Agureev, Director of the United Selling Organization ALROSA, member of the Executive Committee.