GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

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...

06 september 2021

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

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

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

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

In 2020, ALROSA’s diamond production reached 30 million carats, revenue - $ 2 802 million

22 january 2021
alrosa_logo.jpgALROSA's statement regarding its Q4 and 12M 2020 operating results released on Thursday said that the company’s diamond production in Q4 2020 reached 7.1 million carats (8.8 million carats in 2019), while sales went up to 17 million carats compared with the previous quarter (8.2 million carats in 2019). For 12 months of 2020, diamond production amounted to 30 million carats (38.5 million carats in 2019), sales - 32.1 million carats (33.4 million carats in 2019).
The average realised price of gem-quality diamonds in Q4 was $91/carat ($148/carat in 2019) due to a larger share of small-size diamonds in the sales mix driven by deferred demand for this category. For 12 months, the price stood at $109/carat ($133/carat in 2019) due to changes in the sales mix as well as the lower average price index (down 10%).
Proceeds from rough and polished diamond sales in Q4 came in at $1,222 million ($ 916 million in 2019), including $1,144 m ($ 888 million in 2019) in revenue from rough diamond sales and $78 million ($ 28 million in 2019 year) in revenue from polished diamond sales. 12M total sales amounted to $2,802 million ($ 3,338 million in 2019), including $2,652 million ($ 3,273 million in 2019) in diamond sales.
The statement said that ALROSA was implementing a “price-over-volume” strategy, which helped stabilise rough diamond prices during the crisis. According to the company, by the end of the year demand for rough diamonds was strong and stable, driven by a balanced sales policy of major diamond producers seeking to meet real demand, along with a seasonal uptick in demand and robust performance across all segments of the diamond market.