Demand for large lab-grown polished diamonds will grow in high-income countries

Anastasia Shramko is an expert in precious stones, rough and polished diamond market, and an analyst. She is an author of the course “Lab-Grown Diamonds: Gemology and the Market” conducted on the site and in collaboration with the GemAcademia (International...

23 may 2022

Waiting for Godot?: Botswana Diamonds awaits Zim kimberlite concessions application outcome

Diamond explorer, Botswana Diamonds applied for kimberlite concessions in the Northwest of Zimbabwe in late 2020. Company managing director James Campbell told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are still waiting for...

16 may 2022

“The demand far exceeds the supply,” says Dev Shetty, Founder-President & CEO of Fura Gems

In 2017, after a decade as chief operating officer and board member at Gemfields a coloured gemstone mining company, Dev Shetty took the courageous step of starting, from scratch, a mining company. He named it FURA Gems. Today, it is one of the largest...

09 may 2022

Igor Kulichik: The diamond market is now in the initial phase of turbulence

Igor Kulichik is a well-known expert in the diamond market. He has worked in the diamond industry for 20 years: he was CFO of ALROSA from 2002 to 2017, and a member of the Board of Directors of AGD Diamonds from 2018 to 2022. He is also a member of the...

02 may 2022

There is a classic phrase: “Art is an Ambassador of Peace.” And this is true

Chief Expert of the Gokhran (State Valuables Depository) of Russia Veronika Voldaeva, Art History Ph.D., Honored Worker of Culture of the Russian Federation, author and compiler of the decorative and applied section of the Gokhran’s collection...

25 april 2022

ALROSA produces 32.4 mln carats of rough diamonds in 2021

21 january 2022
ALROSA announced on Friday that rough diamond production in Q4 2021 reached 9.1 million carats, up 29% QoQ 2020 due to increased ore processing (Severalmaz and Aikhal) and higher grades at the International mine.
The company's diamond production for the full year of 2021 was 32.4 million carats, which is 8% more than in 2020. Growth in diamond output was mainly due to higher production at the Verkhne-Munskoye Diamond Field and Nyurba Mining and Processing Division.
In the fourth quarter of 2021, ALROSA sold 9.4 million carats of rough, including 0.5 million carats purchased from Gokhran in the third quarter. The company attributed the 45% decline in sales to a high base effect in the fourth quarter of 2020 and the lowest level of diamond inventory available for sale since mid-2021. Diamond sales revenue in the fourth quarter was $895 million (-5% QoQ and -27% YoY), including $844 million from rough sales and $51 million from polished sales.
For the full year of 2021, the company's sales amounted to 45.5 million carats, including 1.4 million carats purchased from Gokhran and 11.7 million carats from previously accumulated stocks. Revenue for the year increased 49% to $4,169 million, including $3,977 million from rough sales and $192 million from polished sales.
“Demand for rough diamonds outstrips the supply. Following the completion of the Diwali celebration, cutters in India have ramped up production to prepare for jewelry companies' restocking in Q1 2022 on the heels of the Christmas season sales. The decline in diamond supply since mid-2021 due to inventories reaching minimum levels and producers’ limited capacity (mid-term production volumes are estimated at 110–120 m ct vs the pre-pandemic levels of 140–150 m ct) coupled with high jewelry demand is a boon for prices,” the company said in a commentary on the results.

Vladimir Malakhov, Rough&Polished