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JIM VIMADALAL
Diamond exporters worried as Covid cases rise in US, EuropeThere is also a scarcity in the supply of rough diamonds as the mines are taking time to come to full production after lockdowns. It takes ...- Migrant workers return to Surat's diamond quartersDiamond production, which had dwindled by 30% in the first half of May, has recovered and leading diamond exporters say that production is ...
- Russian diamond miner ALROSA extends rough diamond supply contracts to Q2 of FY22ALROSA’s sales policy is based on 3-year long-term contracts with major diamond cutters, dealers, vertically integrated companies and diamo...
- India's diamond exports remain unaffected by covid gloomIndia's exported gems and jewellery export worth $29.07 billion in FY20. In the same period, India exported cut and polished diamonds worth...
- India's diamond trade has one less problem to solve amid pandemicDe Beers and ALROSA, the two biggest miners in the trade, have decided to extend by a quarter the existing long-term rough diamond supply c...
- How travel curbs are giving Indian diamond merchants the Covid bluesAs Christmas shopping gathers momentum in the West, diamond jewellery stocks are being depleted fast, but there aren't enough rough stones ...
- Diamond mining company Alrosa to offer zero buyout obligation to its clients despite demand revivalThe company will give its long-term clients an opportunity to request only the goods they need as the speed of the demand recovery varies a...
- Demand for large certified diamonds witness sharp rise since AugustDiamond markets improved in August as governments eased Covid-19 restrictions and dealers sought to fill specific orders from jewellers. In...
- Wedding demand will drive diamond consumption in the quarter to DecemberDe Beers also said it has executed 80% of its orders with Indian manufacturing units in Surat and retailers across the country to cater to ...
- Alrosa to be flexibile with dates for its rough diamond trading sessionsTo make diamond supply more steady, ALROSA is moving its next trading session from August 10-14 to the second half of that month. "The date...
- India-China border flare-up can hit exports: Diamond tradersIndia’s gem and jewellery exports plunged nearly 84% year-on-year in April-May owing to the trade disruption caused by Covid-19 while the f...
- Russian diamond major ALROSA offers rough diamonds through digital platform to customersThe offered volume is the largest ALROSA has ever put on a digital tender. The company provides detailed information on each diamond for re...
- Alrosa to give full flexibility to Indian rough diamond buyersAlrosa’s response follows a request by the Gem & Jewellery Export Promotion Council (GJEPC) to the miner on March 14.
- Diamond jewellers get time till May to procure contracted rough stonesALROSA has allowed the Indian trade to lift 40% of the contracted volumes initially even as export shipments of polished diamonds from Indi...
- Indian diamond traders may get loans from Russian banks to buy diamonds from ALROSARussian banks have started granting loans to ALROSA's foreign clients for the purchase of rough diamonds. This will help the Indian diamond...
- Trade deal hopes may aid diamond exportsCut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
- Russian miner helps diamond tradeIn 2019, diamond jewellery retail sales in US are expected to fall 2 percent.
- Post-Nirav scam: Alrosa now cautiousAlrosa expects growth of 5-10% in FY19 over FY18 in the Indian market, he said.
- Russian major to set up diamond base in IndiaVimadalal said ALROSA has plans to launch its own brand of diamonds for the Indian market to be launched in 2019 or 2020.
- Business charter segment flies low on fuel price hikeThe impact of the fuel price hike is being felt in the business charter segment as well, which has made chartering a business jet or a chop...
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