The US Treasury had slapped sanctions on Alrosa on April 8, potentially cutting off about 30% of the world's supply of rough diamonds.

Routing payments through German banks has delayed the payment process by a week, but it has temporarily addressed the worries of diamond ex...

The diamond industry in Surat employs nearly 800,000 people and is said to have processed 14 out every 15 diamonds available in the world.

“The demand we have seen for our rough diamonds during the start of 2021 have been in line with expectations,” Paul Rowley, executive vice ...

ALROSA’s sales policy is based on 3-year long-term contracts with major diamond cutters, dealers, vertically integrated companies and diamo...

De 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...

The 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...

De Beers also said it has executed 80% of its orders with Indian manufacturing units in Surat and retailers across the country to cater to ...

To 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...

Russian banks have started granting loans to ALROSA's foreign clients for the purchase of rough diamonds. This will help the Indian diamond...

In 2019, diamond jewellery retail sales in US are expected to fall 2 percent.

Industry executives said that around 5 million carats of synthetic diamonds are produced globally.

At present, all diamond purchases are done in US dollars and the government is trying to use other currencies for trading with countries th...

Alrosa expects growth of 5-10% in FY19 over FY18 in the Indian market, he said.

Vimadalal said ALROSA has plans to launch its own brand of diamonds for the Indian market to be launched in 2019 or 2020.

Rio Tinto, De Beers, Dominion Diamond Corp, Petra Diamonds, etc. have formed an alliance to promote diamonds across the globe.

India has offered that state-run trading company MMTC could conclude a long-term agreement with Alrosa, a conglomerate of Russian diamond m...