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...

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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...

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

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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

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

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ALROSA November diamond sales show a 5% increase y-o-y

10 december 2019

alrosa_logo.jpgIn November 2019, sales of ALROSA diamond products showed a 5% increase up to $ 287.8 million year-on-year, says the site of the company. 
The sales of rough diamonds in value terms amounted to $ 282.1 million, and polished diamonds - $ 5.8 million. Despite the fact that rough diamond sales showed growth, the company’s sales of polished diamond products decreased nearly by half compared to October this year.
The overall sales results of the company's products for 11 months of this year also show a decline on a yearly basis. Thus, in January – November 2018, sales of ALROSA diamond products totaled $ 4.179 billion in value terms, and in January – November 2019 - $ 2.974 billion.
During the eleven months of 2019, rough diamonds were sold for $2,921 million, polished diamonds – for $53.0 million.
“November sales growth evidence that mid-stream sector, specifically in India, is on track to restore its balance. Somewhat more active purchasing activity at end-consumers in key regions also provide support to our sales volumes,” commented on November sales ALROSA Deputy CEO Evgeny Agureev.
In 2019, ALROSA intends to produce 38.5 million carats and sell 32-33 million carats of diamonds.

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