The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

Yesterday

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

ALROSA sells large diamonds online

26 march 2020

alrosa_logo.jpgDue to the lockdown of many countries due to the pandemic of the new coronavirus COVID-19, ALROSA decided to hold an online auction for the sale of special diamonds (over 10.8 carats), which runs from March 23 to April 6.
The company took such a step due to the fact that the company's next auctions were canceled.
"Health of our employees and customers is essential for us. This is why we decided to cancel upcoming auctions and shorten those already in progress. The company is in contact with customers from different countries, considering different supporting measures. One of the opportunities is a digital tender. It will not replace the traditional trading model, but becomes a solution for those who are ready to work remotely right now. From our part, we will provide all the necessary information about our rough diamonds and will negotiate with customers on payment terms and logistics," said Evgeny Agureev, Deputy CEO of ALROSA.
Digital tender is based on the technology that provides customer with a full digital scan of each rough diamond for detailed analysis. This allows buyers to thoroughly evaluate the rough and make informed purchasing decisions without visiting the company’s office, basing on comprehensive data regarding the offered rough stones.
According to the company, holding an online auction will allow customers to purchase the raw materials they need.

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