Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

ALROSA reports operational performance in Q2 and H1 of 2019

18 july 2019
alrosa_logo.jpgALROSA Group increased diamond production by 14% in the second quarter of this year compared with the second quarter of last year, bringing it to 9.7 million carats, which is associated with seasonal resumption of mining at alluvial diamond fields.
The company’s production also increased by 10% during the first half of the year compared with the first half of 2018 and amounted to 17.6 million carats due to the commissioning of the Verkhne-Munskaya mine, higher production at Udachny and increased processing of ore from the Botuobinskaya diamond pipe.
According to the company, its diamond sales reached 8.3 million carats in the second quarter of 2019, a slump by 22% compared with the previous quarter and by 8% compared with the second quarter of 2018 “against the backdrop of declining demand due to excessive stocking of rough and polished diamonds by cutters and retailers, and continued difficulties faced by India's cutting business in securing affordable financing.”
These reasons, ALROSA notes, affected diamond sales in the first half of the year decreasing them to 18.9 million carats, which is 16% lower than in the first half of 2018. The miner’s diamond sales in value terms in the second quarter totaled $ 796 million, a decrease of 19% versus the first quarter of 2019 and a 25% fall compared with the second quarter of 2018. The company's sales in the first half of 2019 amounted to $ 1,784 million, which is 32% lower than the similar figure in 2018.