Innovation and automation can conquer any challenges

Rahul Gaywala, the CEO of STPL has been with the Sahajanand Group since 1993 and in his tenure with STPL, he has proved to be a hard-core innovator and technocrat intent on helping to transform the diamond trade from a labour-intensive industry to an...

06 april 2020

Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

ALROSA's diamond sales in January show growth compared to the previous month

11 february 2020

alrosa_logo.jpgIn January 2020, ALROSA Group sold diamond products worth $ 405 million, which is a 44% increase compared to the previous year and 10% growth compared to the previous month, when the company sold products worth $ 363.8 million, the company said.
“January saw steady demand for rough diamonds as cutters continued restocking on the back of positive Christmas jewellery retail sales,” commented Evgeny Agureev, Deputy CEO of ALROSA.
In January, rough diamond sales to third parties amounted to $ 390.2 million, polished diamonds - $ 14.8 million, while in December 2019, the company sold rough diamonds for $ 352.1 million and cut and polished diamonds for $ 11.6 million.

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