African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

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