Malabar Gold & Diamonds is making a strategic pivot towards the lab-grown diamond segment in a bid to fuel its growth trajectory and mitigate the impact of escalating gold prices. The Kerala-headquartered jewellery giant is targeting a 20% increase in revenue for the current fiscal year, building on its robust performance of ₹62,000 crore in […]

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Stepping into the glittering world of diamond investment requires more than just an appreciation for the beauty of these glittering gems. It’s about understanding their intrinsic value, navigating the complexities of the market, and making informed decisions that align with your financial goals. This guide delves into the essential facets of diamond investing, from mastering […]

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Alrosa says it expects to pay shareholders a dividend for the first half of 2023, as long as the diamond market remains stable. It marks a change in fortunes for the Russian state-controlled miner, which last paid a dividend at the end of 2021. Aisen Nikolaev, head of Yakutia, the republic where Alrosa is based, […]

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Petra Diamonds Limited reported that its Q1 revenue increased 33% to $82 million owing to the release of inventory carried over from Q4 FY 2020 and an increase in diamond prices following the pandemic. Diamond prices increased around 21% on a like-for-like basis at the September 2020 tender in comparison to the prices obtained following […]

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Yakut scientists, supported by ALROSA, continue their work to assess the state of wild reindeer populations and to protect and restore the number of animals. In September, specialists from the Institute for Biological Problems of Cryolithozone (IBPC) of the Siberian Branch of the Russian Academy of Sciences once again began chipping of the wild reindeer […]

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Russian diamond mining giant Alrosa has seen significant sales growth since the market began to reopen, according to its latest financial data for August. Total monthly rough and polished diamond sales grew by over 500% in August by comparison to the previous month. July total sales were at $35.8 million (£27.6 million), barely more than […]

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Alrosa’s diamond sales results for August 2020 rose 19% year-on-year to $216.7 million as demand for rough picked up in preparation for the year-end holiday season. The August sales included proceeds from rough diamond sales of $202.1 million (+12%), and polished diamond sales of $14.6 million (+873%). For eight months of 2020, total rough and […]

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ALROSA reports its diamond sales results for August and eight months of 2020. Sales of rough and polished diamonds in August increased to $216.7 million, including proceeds from rough diamond sales of $202.1 million, and polished diamond sales of $14.6 million. For eight months of 2020, total rough and polished diamond sales accounted for $1.244 […]

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Alrosa says it will offer buyers “unprecedented” flexibility by halving their accumulated obligations to buy its diamonds. The company has been allowing increased deferrals since April and says that as result volumes allocated for the second half of 2020 are nearly a third upon historical levels. “Having considered the situation, Alrosa decided to reduce by […]

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In a unanimous decision, the Supervisory Board of ALROSA at an absentee meeting re-elected Sergey Ivanov as CEO and Chairman of the Executive Committee for a period of five years. Sergey Ivanov, who was earlier under a three-year contract, has been CEO of ALROSA since March 2017. “On behalf of the shareholders, I would like […]

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