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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

ALROSA tied up new long-term agreement with Rosy Blue

19 december 2012

ALROSA has signed a long-term agreement on rough diamond supplies to Rosy Blue, according to press release obtained by Rough&Polished. The signing ceremony took place on 19 December in Moscow. On behalf of ALROSA the document was signed by the company's CEO Fyodor Andreev, while Dilip Mehta, Director of Rosy Blue, signed it for Rosy Blue.
"Rosy Blue is one of the major customers of ALROSA on a long-term basis. The signing of a new agreement continues our partnership. ALROSA’ priority is to enter into direct long-term contracts with major companies involved in manufacturing of final products - polished diamonds and jewelry. Such agreements guarantee stable sales volume to us, as a producer, and secure stable rough diamond supplies to a customer", Fyodor Andreev said during the ceremony.
"We are delighted to enter into the extension of our partnership with such a reliable diamond supplier as ALROSA. Close and continuous dialogue with ALROSA has enabled us to navigate through past month of difficult market conditions", Dilip Mehta said.
Rosy Blue, established in 1973, specializes in rough and polished diamond trading, diamond cutting and jewellery manufacturing. It has its own diamond cutting facilities located in India, Thailand, Israel, Belgium and Sri Lanka, and 3 jewellery manufacturing facilities. The company's revenue exceeded $2 billion in 2011. Rosy Blue is also DTC sightholder.
Rosy Blue has been a long-term client of ALROSA since 2010, and participated in ALROSA’s international auctions as well.
The significant part of three-year term contracts expire in 2012. Now ALROSA is busy with updating the list of its long term customers.

Tatiana Alexandrova, Rough&Polished, Moscow