Russia’s Alrosa, the world’s top diamond producer by output, is temporarily suspending production at two assets as demand and sales for diamonds continues to drop. Major consumers, including China and the United States, are struggling with economic headwinds caused by the global covid-19 pandemic. Extended lockdowns affecting key players in the supply chain, including polishers and top retailers, … Read more
Russia-based diamond miner Alrosa produced eight-million carats of diamonds and sold 9.4-million carats in the first quarter of the year. The company generated sales revenues of $904-million from rough and polished diamonds. This was despite diamond production seasonally declining by 9% quarter-on-quarter, although year-on-year diamond production growth was 2%. The year-on-year growth was supported by … Read more
Russia’s Alrosa, the world’s top diamond miner by volume, announced that it will start implementing the OECD due diligence guidance for responsible supply chains of minerals from conflict-affected and high-risk areas. In a press release, the company said that to improve the efficiency of this work and guarantee compliance, it has launched an internal diamond … Read more
Russia’s Alrosa the world’s top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest. The state-owned company is now selling naturally occurring fluorescent diamonds mixed with others. At the same time, it’s holding talks with global jewellery retailers about jointly marketing … Read more
ALROSA has sold its 6.21-carat cushion cut fancy intense pink purple diamond to Larry West, a New York-based collector of exclusive pink diamonds. The stone originates from Yakutia, where it was discovered and polished by ALROSA. For over 40 years, Larry J. West, the owner of New York’s L.J. West Diamonds, has been searching for … Read more
FANCY PINK DIAMONDS soared 116% in value over the past decade, outpacing blues (81%) and yellows (21%), according to a report by the Fancy Color Research Foundation (FCRF), an Israel-based group that tracks diamond pricing data in the global trading centers of Hong Kong, New York and Tel Aviv. While the overall index for fancy-color … Read more
Christie’s jewellery specialist Marie-Cécile Cisamolo tells the stories of these and other fabulous pink diamonds that have bedazzled our salerooms
Exceptional Large Pink Diamond Discovered in Russia Could Be Most Expensive ever by Alrosa
