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...

25 october 2021

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 raised $298 million for rough and polished diamonds sold in September

12 october 2021
The company said its sales of rough and polished diamonds in September totaled $298 million, including proceeds from rough diamond sales of $289 million, and polished diamond sales of $9 million.
For the nine months of 2021, total rough and polished diamond sales accounted for $3,274 million, including $3,133 million in rough sales and $140 million in polished sales.
“According to our preliminary estimates, end-consumer demand for diamond jewellery is record high. The US and China demonstrate double-digit growth vs 2019. Jewelry sales in Europe, the world’s third-largest market, have also been gaining momentum. As a result, we continue to see strong demand in the mid-stream. The rough diamond price index has returned to the 2018 levels, with polished diamond prices surpassing the 2018 average. ALROSA maintains its policy of satisfying only requests backed by the real demand to ensure the sustainability of the whole diamond pipeline. Midstream inventories are kept at optimal volumes, reaching a minimum low in some rough diamond categories. Our clients are mostly optimistic about the upcoming festive season, and we expect the positive trend to continue into 2022,” said Evgeny Agureev, Deputy CEO of ALROSA.

Vladimir Malakhov, Rough&Polished