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

Russia’s Gokhran sold 70% of rough diamonds put up for auction to ALROSA

27 july 2021
At the auction held by Russia’s Gokhran, a state repository of valuables, for the sale of rough diamonds on July 23, ALROSA bought 70% of the offered precious stones. ALROSA announced this in a press release circulated on Monday, July 26, noting that the company acted in the interests of its long-term clients amid an acute shortage of diamonds in the world market.
The decision to hold such an auction was made by the Government of the Russian Federation to better balance the market, the company said in its statement.
“Given a physical lack of diamonds in the market and mindful of all the pandemic-related challenges and restrictions, ALROSA elected to give comfort to members of ALROSA ALLIANCE, its long-term trusted customers, by purchasing the auctioned Gokhran diamonds as they asked. Still, even with this step we will be able to satisfy only some of the demand at the upcoming session. The government takes a very responsible approach to selling diamonds from Gokhran and only offers them against real demand. These diamonds are what the market needs right now, and they will soon move on to the cutting and polishing stage, which we believe will somewhat contribute to balance the market. I would also like to mention Gokhran's role in making this auction possible. Despite the tight schedule, they managed to do everything smoothly and without delay,” said Evgeny Agureev, Deputy CEO of ALROSA.
ALROSA ALLIANCE brings together the company’s long-term customers and those who are likely to become ones as they adhere to responsible business principles and have a proven track record as responsible buyers of rough diamonds. Traditionally, long-term contracts have accounted for about 70% of ALROSA’s diamond sales.
Gokhran operates under the Ministry of Finance as a fund that includes precious metals and stones, as well as items made from them. As part of its activities, Gokhran buys and sells valuables, such as rough diamonds produced in Russia.

Vladimir Malakhov, Rough&Polished