Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

December sales of ALROSA diamond products show growth

13 january 2020

alrosa_news_logo.pngALROSA Group announced diamond sales results for December and twelve months of 2019.
In December 2019, ALROSA Group sold rough and polished products totaling $363.8 million compared to $328.7 million, which shows an 11% increase over the previous year. Sales of rough diamonds in value terms amounted to $352.1 million, polished diamonds - $11.6 million, while in 2018 sales of rough diamonds in value terms amounted to $323.7 million, polished diamonds - $5 million.
In total for 12 months of 2019, sales of ALROSA diamond products amounted to $3.338 billion in value terms. This figure indicates a decrease compared to 2018, when sales of diamond products amounted to $4.507 billion. At the same time, the total value of rough diamonds sold in 2019 amounted to $ 3.273 billion, diamonds - $ 64.7 million. In 2018, the total value of rough diamonds sold amounted to $ 4.412 billion, and diamonds - $95.3 million.
“In December, we observed signs of stabilising diamond demand that had emerged earlier in the second half of the year amid the gradual restoration of market balance. This was largely supported by a flexible sales strategy of mining companies,” said ALROSA Deputy CEO Evgeny Agureev. “Cutters and retailers entered 2019 with large stocks of goods, but their expectations of strong demand did not match the reality. Along with a number of other factors, this triggered a massive destocking while also hitting the demand for rough diamonds. As a result, 2019 saw sales by diamond producers drop by almost a third from the previous year. At the same time, there is robust demand for jewellery from end consumers. The preliminary data on Christmas sales shows its year-on-year growth in some regions. This proves that diamond jewellery remains a key way of expressing one’s special feelings.”

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