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Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices
The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...
23 september 2024
ALROSA is not yet discussing a deal for the sale of rough to Gokhran
“Not yet at this stage. If it suddenly becomes necessary, I think the government will be glad to consider [the feasibility of this deal]," Sergei Ivanov, ALROSA CEO told Interfax on the sidelines of the Eastern Economic Forum (EEF-2022).
He noted that the company does not yet plan to resume the publication of monthly sales data.
“It’s hard to say. It doesn’t depend on us; we don’t invent difficulties for ourselves. For now, we work in this mode, in a calm way,” he said.
ALROSA refused to publish regular data on monthly sales in March of this year.
Ivanov also said that the company does not have to lower prices in order to sell its goods. "Markets are stable," he described the situation.
In late August, Bloomberg reported that ALROSA had restored sales volumes almost to the pre-sanction level, selling rough diamonds mainly for Indian rupees. After several months of sales difficulties caused by US sanctions, ALROSA is once again selling diamonds worth the equivalent of more than $250 million per month, i.e. sales are now about $50-100 million lower than before, Bloomberg said.
In early March, the United States banned the import of rough and polished diamonds from Russia, and in April ALROSA was included in the SDN list. Despite the fact that US sanctions do not prevent the supply of diamonds to India, some Indian cutters began to refuse Russian stones due to the created uncertainty, preparing to indicate the origin of each stone and redirecting Russian diamonds to the markets of China, Southeast Asia or the UAE.