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

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“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

ALROSA may not reach its planned level of diamond sales in 2019 - media

28 june 2019

alrosa_logo.jpgALROSA, a Russian diamond mining company, does not seek to achieve the planned level of diamond sales for 2019 due to weakening demand from cutters who are under great pressure due to overflow of diamond stocks, according to TASS.
"From the point of view of the announced plans (38 million carats) we have no task to maximize sales at any cost. We are quite responsibly approaching and trying to find a balance together with the midstream (diamond cutters and buyers) to dissolve these stocks faster, and for us to return back to normal sales volumes. We are not going after this indicator right now, in fact, I think it will be different,” Evgeny Agureev, Director of the United Selling Organization ALROSA, was quoted as saying.
He also added that the company expects the restoration of demand for diamonds by November-December this year.
Meanwhile ALROSA reported that its sales were down for the first five months of the year. Total rough and polished diamond sales in January-May 2019 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, while in 2018 rough diamonds sales of the company went up to $2.256 billion.

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