The halt on the imports has been requested for a period of two months starting October 2023 to better manage the demand and supply balance, protect...
Russia-Ukraine war had mounted additional pressure on the diamond polishing industry Surat, perhaps the world’s biggest centre for cutting and polishing diamonds, accounting for 90% of...
The sanctions on Russian diamonds, which have been in effect since Russia invaded Ukraine last year, has Indian diamond traders “too worried about volatile currency exchanges...
Surat’s diamond cutting and polishing industry that employs nearly 5 lakh workers associated with it, is experiencing a crisis, especially due to the ticking time-bomb of...
The Indian diamond industry’s revenue is set to drop 15-20% to $19-20 billion this fiscal, as compared with a decadal high in the last fiscal, following...
Small and medium enterprises (SMEs) in the gems and jewellery sector are likely to grow 1-3 per cent year on year in value terms in the...
Lab-grown diamonds (LGD) have come to the rescue of 2.5 lakh workers who were asked to go on 15 days leave on 16th May by the...
Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in...
With the United States imposing sanctions on Russian state-owned rough diamond mining company Al Rosa, a major source of rough diamonds for the industry in Surat...
Late Friday, the Responsible Jewellery Council issued a statement that Alrosa “suspended its membership” with the organization. This came days after an exodus of some of...
Rating agency ICRA expects India’s diamantaires to witness a demand moderation in FY2023, after a sparkling performance in FY2022, which coupled with firm rough prices would...
New Delhi: Exports of rough diamonds from Russia’s state-owned Alrosa mines have resumed to India, although tensions remain high over such consignments. The exports claim those...
Sanctions imposed by the United States and European nations on Russia and consequently, on Alrosa, Russia’s biggest diamond miner, will have a bearing on the growth...
New York: The Board of Directors of the Natural Diamond Council has received Alrosa’s decision to suspend its membership. In suspending its membership, Alrosa has stepped...
The Russia-Ukraine conflict may lead to job losses in Surat, India’s diamond-cutting and polishing hub, because the global sanctions on Moscow could affect sourcing of rough...
Ahmedabad: Surat’s diamond polishing industry is so far shielded from the adverse impact of the Russia-Ukraine war as there is no ban on the transaction from...
Alrosa, Russia’s partly state-owned mining giant that alone accounts for nearly 30% of global diamond output and is a major supplier to India, has told gems...
MOSCOW: Russian diamond producer Alrosa’s sales revenue jumped by 49% to $4.2 billion last year as demand exceeded supply and helped the company to recover from...
De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on...
Alrosa’s sales reached their highest level since July amid continued strong demand in the diamond-jewelry market. The miner sold $334 million in diamonds in November, a...
State-controlled Russian diamond producer Alrosa (ALRS.MM) on Thursday said recovering sales helped it to more than triple third-quarter net profit to 25 billion roubles ($354 million)....
Alrosa PJSC, Russia’s largest diamond miner, is likely to bid at the sales to replenish its own inventories, which have declined to a record low.
The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of...
De Beers raised diamond prices for the first time since the outbreak of global pandemic, signaling growing confidence in a rebound for the struggling industry. Prices...
Revenge consumption of diamonds from the US is driving manufacturing items in Surat to work additional time to satisfy the demand. There has been a scarcity of tough diamonds...
The world’s natural diamond market all but shut down at the start of the Covid-19 pandemic. More than eight months later, experts say the market is...
Currently, diamond mining companies including De Beers, Alrosa, Rio Tinto etc. only display the diamonds for viewing purpose at the SNZ. According to the SNZ norms,...
30th September 2020: Mr. Manoj Kumar Jha and Mrs. Poonam Jha of Kamakhya Jewels were honoured with the prestigious and most coveted Economic Times – ET...
Kolkata: Russian diamond miner Alrosa will offer zero buyout obligation to its long-term customers of rough diamonds in the next trading session from September 21 to...
De Beers thinks the recovery is at an early stage and that it will take some time to get back to pre-pandemic levels of demand. De...
The resurgence came in the same week that Tiffany said its monthly jewellery sales improved, adding to optimism the entire industry is rebounding For the past...
Optimism of a rebound will bring relief to a supply chain that’s been paralysed since the pandemic hit London FOR the past six months, the global...
Surat: While the global coronavirus pandemic has prevented the diamantaires from visiting Dubai, Antwerp and Botswana to purchase rough diamonds to keep their units operational, industry...
Prior to the coronavirus paralyzing the world, Russia was ramping up its gold production, according to the Union of Gold Producers of Russia. Russia’s total gold...
The world’s biggest producers are sitting on a mountain of precious stones as they hoard inventory to maintain prices. In almost 130 years of its existence,...
In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep...
Diamond Producers Association (DPA) rebrands itself with a new consumer-facing identity and digital platform called ‘Only Natural Diamonds’ The world’s leading diamond producers today launched the...
Russian diamond producer Alrosa expects its sales for May to total tens of million dollars, down sharply from May 2019 but up from April 2020, when...
Being the world’s largest diamond processing hub, India imports around 95 per cent of rough diamond mined globally for processing in local units After nearly two...
Kolkata: The US, Europe’s richer neighbourhoods, and much of Northeast and West Asia – the main consuming markets for India’s diamond jewellery output – are shuttered,...
Indian traders who buy rough diamonds from Russian mining major ALROSA have something to cheer about. Russian banks have started granting loans to ALROSA’s foreign clients...
New Delhi is considering signing a bilateral agreement with Russia to reduce import duties on processed diamonds and jewelry, the chairman of the country’s Gem &...
Anglo American Plc curbed its plan to expand diamond production over the next two years after sales slumped in 2019 amid a wider industry crisis. Anglo’s...
Can you differentiate between a test-tube baby and a normally-conceived baby?” Pratik Patade, a salesman at Fiona Diamonds in Mumbai’s Bandra, asks his three customers. “No,”...
LONDON (Reuters) – Rio Tinto (RIO.AX)(RIO.L) is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure...
With its Forevermark brand launched in India, De Beers targets young India to boost its sales of diamond ornaments and solitaire. Speaking on the sidelines of India International...
World’s leading gem & jewellery trade show IIJS Premiere 2019 hosts 1,300+ exhibitors and 40,000 global buyers from 800 cities & 80 countries GJEPC Chairman urges...
Mumbai (Maharashtra) [India] July 31(ANI/BusinessWire India): Before an audience of industry leaders, heads of state and foreign dignitaries, the Diamond Empowerment Fund (DEF) last night bestowed its...
Chennai: Lower demand from the Indian diamond processing industry has pulled down the quarterly sales of Alrosa, the world’s second-largest diamond miner, as inventories rose 36 per...
Trade changes when the target customer changes. There is still time for the Indian jewellery industry to rethink the promotional strategy. ALROSA has found its footing...
Today is the D-day for Indian jewellery industry. Akshay Tritiya, being the most sought-after pan-India occasion for prosperity, is looking set for a brighter day. The...
Russian state-owned miner Alrosa PJSC, the world’s biggest producer of rough diamonds in carat terms, has initiated a rupee-rouble payment mechanism with its Indian clients and...
The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, said on Tuesday that it has sent warning letters to eight companies insisting that they...
Moscow, 28 March 2019 – ALROSA, the world’s leading diamond miner, held its first New York diamond auction this year. The company traditionally offered a range...
Global jewelry sales grew 4% to $85.9 billion in 2018 despite a weaker second half, according to market research Russian miner Alrosa released. The growth was...
Moscow, 15 March 2019 – ALROSA, the world’s leader in diamond mining, announces its IFRS financial results for 2018. Key highlights for 12M 2018 Revenue increased by 9% to...
The world’s top diamond producer by output, Alrosa, has unearthed a rough diamond weighing 98.8 carats at Zapolyarnaya kimberlite pipe, which is the part of Russia’s Verkhne-Munskoye diamond deposit.The rock, a...
The world’s top diamond producer by output, Alrosa, found a heart-shaped rough diamond at the Udachnaya kimberlite pipe in Yakutia, eastern Russia.The stone weighs 65.7 carats...
ALROSA, the biggest diamond producer in the world, has conducted a media preview of the collection of large coloured diamonds, including unique pink, bright yellow and...
Polished-diamond prices softened in January as US restocking proved slower than expected after the holiday season, and as Far East buyers took vacation ahead of the...
The brand in order to capitalize on the festive season is offering deals available across all Tanishq stores in West...
In addition to the new campaigns, Lightbox has introduced two new jewellery collections: “Reminiscence” and “City Lights” Mumbai: Lightbox, the...
The puja-themed video comprises all the quintessential elements of the festival and highlights four distinct jewellery styles portrayed by each...
The brand’s social media page prominently showcases a variety of reels and shots from the music video, capturing the essence...
The Gold Jewellery Mela campaign, like in its previous editions, attracted primarily bridal jewellery consumers, with about 70% of the...
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