Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 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