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ALROSA PJSC
Indian CPD exports to contract by 18-19 pc in FY25; sector outlook remains negative: ReportCut and polished diamond exports from India are projected to decline by 18-19% in 2024-25 due to reduced demand in the US and China. The do...- Indian Cut & Polished Diamond exports to contract to decadal low in FY2025; sector outlook remains negative: ICRAAccording to ICRA’s recent note on the sector, CPD exports from India contracted by 28% in FY2024, led by the worsened global macro-economi...
- ICRA forecasts decline in India’s cut & polished diamond exports to decade-low levelsICRA forecasts India's cut and polished diamond exports to hit a decade-low of $12.5-13 billion in FY2025, marking an 18-19% year-on-year d...
- Israel-related stocks under pressure after Hamas' shock attackSaturday’s assault has sparked fresh concern about geopolitical risks among investors just when global financial markets were already grapp...
- Exports of cut and polished diamonds estimated to decline by 22% in FY2024: ICRAWhile the festive season may spur demand in some way in the upcoming months, exports are still expected to contract by 10% year-on-year pre...
- India diamond traders hit by Rupee risks amid Russia supply woesWith Russia’s Alrosa PJSC accounting for about a third of global rough-diamond supply, the $80 billion-a-year industry was thrown into turm...
- Exports of cut and polished diamonds likely to fall by 10% in FY23: IcraDuring FY2022, India exported its decade-high level of CPDs worth $24.3 billion led by pent-up demand and large stimulus packages in key co...
- Russia’s secret gem sales are dividing the diamond worldThere’s a handful of Indian and Belgian buyers who are snapping up large volumes at lucrative terms, getting to pick and choose the diamond...
- From Surat to New York, diamond trade suffers under the weight of Russia sanctionsSurat, one of the world’s largest polishing hubs, the diamond bazaars have gone quiet in recent weeks. Workers sit idly and grumble over cu...
- The great diamond glut: Miners stuck with gems worth billionsThe five biggest producers are probably sitting on excess inventories worth about $3.5 billion.
- Global revenue from rough diamond sales to drop 30-40% this year: Moody'sRough diamond sales volume and prices will fall in 2020 as a result of the near shutdown of the global economy, Moody's Investors Service s...
- Nirav Modi's diamond swindle is hurting India’s economy in grip of slowdownIndia’s gems industry employs almost 5 million workers and contributes about 7% of the GDP.
- Russia plans gem reform to compete with India's million workersThe plan may lead to Alrosa selling about 10 percent of its gems domestically, Moiseev said, adding that there are no plans for Alrosa to i...
- Cash is king for diamond market reeling from India money war"The Indian demonetisation programme is showing how much of the polishing industry is still a cash business," said Richard Chetwode, an ind...
- Modi's demonetisation move has taken the sparkle out of diamond industryAlmost 80 per cent of the world's gem diamonds are cut and polished by a group of about 100 players in India, who sell mostly for cash.
- KGK Diamonds, Russia's Alrosa come together to widen partnershipThe new manufacturing facility is planned to be developed approximately by July 2017 boosting the employment opportunities, beginning with ...
- De Beers sells $540 million of diamonds, twice last sale's levelDe Beers sold $540 million of diamonds in its first sale of the year, more than double the amount at the biggest producer’s previous offeri...
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