GJ Town India

Alrosa Hong Kong becomes a member of SDE Alrosa Hong Kong (HK) Limited became a member of the Shanghai Diamond Exchange (SDE) and received more trading opportunities in mainland China.   This membership provides a great advantage for direct trade in rough and polished diamonds in mainland China, as well as strengthening ties between Alrosa and SDE as part of the development of bilateral industry cooperation.   “In 2020, demand for diamond jewelry in China increased. Covid-related travel restrictions changed the consumption model and people were purchasing goods in their own country. Largely due to this fact, jewelry retailers, especially those from mainland China, continue to strengthen their position in the market.   Therefore, it is very important for Alrosa to have business in the country, improving relations with the industry community and increasing the number of customers,” commented Evgeny Agureev, Deputy CEO of Alrosa. Alrosa has been present in China since 2005 w...

A unique rough diamond weighing almost 200 carats was mined at the Udachnaya kimberlite pipe in mid-January 2019. A gemstone with dimensions of 40x31x20 mm and a weight of 191.46 carats was extracted at the processing plant №12 of Udachny mining and processing division. The mined diamond is transparent, with a slight yellowish tinge. “Such large gem-quality discoveries, weighing more than 100 carats, confirm that there are many unique precious minerals in the reserves of the Udachnaya kimberlite pipe. Since the beginning of the development in 1967, the pipe has given hundreds of large diamonds to our company. In the near future, this rare specimen will go to the United Selling Organization for the detailed study and evaluation,” Evgeny Agureev, Member of the Management Board, Director of the United Sales Organization at Alrosa, said. A comparable in size rough diamond was found at the company’s deposits more than 2.5 years ago. The Udachnaya pipe was discovered in 1955; it...

32 international auctions held   in six countries in 2018     In 2018, Alrosa, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving total revenue of $463 million for the year. The company traditionally holds auctions in six countries – Russia, Belgium, Israel, Hong Kong, the United Arab Emirates and the United States. The largest number of auctions in 2018 was held in Moscow - 11, another 4 were held in Vladivostok. For the first time in many years, the company held two auctions at its sales office in New York, which resumed operations last year. Another six auctions took place in Ramat Gan (Israel), three in Hong Kong (China), four in Dubai (United Arab Emirates) and two in Antwerp (Belgium). Alrosa has planned 37 international auctions for 2019, increasing the number of auctions in Antwerp, New York and Dubai. There will be still 11 auctions in Moscow and 4 i...

Schedule for 2019 announced! BDW next From April 1-3, 2019, and during October 14 to 16 The second edition of the Bharat Diamond Week concluded with a high note. Virtually every exhibitor expressed a success note. Many said they played well and beg a business as well as good inquiry. Though some of the exhibitors referred a strong US dollar & weakness of Indian Rupee & said, they could not deal domestic players. While many players recorded business in the scenario by announcing some discount or an offer!   On the concluding day, Mehul Shah, Vice President- BDB was in the dome. By casting his concluding statement he said, well every player knows their business & also knows to carry a deal with in the best practice. Yet, at the dome, we- BDB is here to support MSMEs & SMEs. Expressing on dollar- Rupee scenario he said, nobody in the dome is retailer who counts on daily sales. We are here for relationship & networking. Our diamond business is all ...

Andrei Zhiltsov the chief guest with Evgeny Agureev Guest of Honour! Second Edition of Bharat Diamond Week (BDW) is scheduled to open up its’ door from October 8 to remain opened until 10. The 2 nd BDW would announce open by the Chief Guest, Hon’ble Andrei Zhiltsov, Consul General of the Russian Federation in Mumbai with the Guest of Honour, Hon’ble Evgeny Agureev, Director, United Selling Organisation, PJSC-Alrosa, Anoop V Mehta, President-BDB, Mehul Shah, Vice-President, BDB, members of the BDB managing board and amid invitees & diamond fraternity!   Right at the festive season and at the pre Diwali occasion the 2 nd edition of the Bharat Diamond Week (BDW) is opening its’ curtain would set a good symmetry between buyer-n-seller within the boundaries of BDB. Because, at the juncture sellers in India are fairly ready to deal-n-offer the modest price before they join and celebrate the Diwali holidays! One of the key objectives of the BDW is to offer an au...