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...

Today

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

ALROSA allows deferrals during its third diamond tender

29 may 2020

alrosa_logo.jpgALROSA will allow its customers to refrain from buying rough diamonds during its third trading session in a row, deferring June contract volumes to subsequent periods of the year due to difficult market conditions, as per the company’s press service.
Clients interested in purchasing diamonds in June may request the goods they need, getting all the required information and choosing rough remotely.
In order to keep the balance of the diamond chain during challenging times, ALROSA pursues ‘price over volume’ strategy, preventing oversupply by reducing sales volumes and strengthening the long-term potential of the diamond markets.
“The history shows that responsible approach to sales is the main way to accelerate market recovery after a crisis. Surely, under current market uncertainty maximizing short-term incomes at a cost of an overall market deterioration would be unwise. This is a third session at which we give our customers an opportunity to defer contracted volumes to the subsequent periods of the year. The regular feedback from our clients and overall situation in a midstream diamond segment show that this strategy is well proven”, commented ALROSA Deputy CEO Evgeny Agureev. “We are committed to the prudent sales policy and will use all available instruments to maintain supply and demand balance and normalize cutters’ level of inventories.”

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