GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

ALROSA's net profit under RAS for the first half of 2019 decreased to 36.3 billion rubles

08 august 2019

alrosa_logo.jpgALROSA PJSC, the head company of the ALROSA Group, published financial results for the first half of 2019 under Russian Accounting Standards (RAS).
ALROSA's revenue under RAS for the first half of 2019 decreased by 29% compared to the previous year to 89.1 billion rubles, which was due to a general deterioration in the situation on the world diamond market. The decrease in revenue was reflected in the RAS net profit indicator - in the first six months of this year, it decreased by 30% year-on-year to 36.3 billion rubles.
Member of the Board of PJSC ALROSA, Evgeny Agureev, said: “The decrease in revenue compared to last year occurred against the backdrop of significant crisis phenomena in the diamond industry, which are based on a whole range of different reasons. Excessive stocks in the cutting sector generated during the period of high demand and high expectations last year, financing difficulties faced by Indian cutters, the crisis in trade relations between the USA and China, the two largest markets for the consumption of diamond jewelry, the departure of jewelry brands online and, as a result, they don’t have to keep significant stocks of finished products in retail - these and other reasons negatively affected the sales and financial results of all global mining companies. At the same time, the decrease in the volume of products sold by diamond mining companies, along with other measures taken by major players, contribute to a gradual increase in market balance and stabilization of sales.”
IFRS results for the QI 2019 are scheduled to be published in mid-May of this year.