Platinum’s rare nature gives it additional value and appeal

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

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There is a significant need for smart and technological financial solutions in the diamond industry

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The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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16 august 2021

ALROSA continues ‘flexible sales’ of rough diamonds in September

17 september 2020
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Image credit: ALROSA


The company said it “maintains the most flexible conditions during September trading session for its long-term clients, aiming to nurture the green shoots of market recovery.”
“In August and early September, there were evidence of the revival of the demand for rough diamonds after several months of COVID-induced pause,” said ALROSA in a press release issued yesterday. “Nevertheless, the market has not reached a balance yet. Together with a risk of a new wave of the disease, this means that all industry participants must remain cautious and responsible.”
Due to this ALROSA will allow its customers from ALROSA ALLIANCE to reject purchases of rough diamonds allocated under their contracts, which, as the company emphasized, is done to avoid pressure on the market.
“Moreover, as the speed of the demand recovery varies across the product mix, the company, just like in August, gives its clients an opportunity to request only the goods they need,” the press release further said.
“During the last month we clearly see the growing demand for rough diamonds as cutting and polishing factories in India are ramping up and revived Chinese jewelry sales’ dynamics is encouraging. On the other hand, there is still an uncertainty related to the risk of the new wave of counter-COVID restrictions as well as to consumer sentiment. This is why we would be able to talk about the full-scale market recovery only based on the results of the key holiday season in the USA. In this situation we maintain our commitment on supplying the real demand and holding back the speculative trade,” commented Evgeny Agureev, Deputy CEO of ALROSA.