Russian Finance Minister Delivers Opening CIBJO Congress Speech

CIBJO Releases EU Committee Special Report Ahead Of Moscow Congress

CIBJO, the World Jewellery Confederation, has released the eighth of its Special Reports a week before the start of its annual congress in Moscow.

Prepared by the CIBJO EU Committee, headed by CIBJO President Gaetano Cavalieri and coordinated by Thilo Brückner, the report looks at liaison activities conducted by CIBJO with the European Commission, with the goal of advancing the interests of the jewelry industry in European Union member states.

Jewellery business and the State have set common goals

A press conference “The Position of the Guild of Jewellers of Russia on the Draft of the Federal Law “On Amendments to the Legislative Acts of the RF”, prepared by the Ministry of Finance, was held in the Guild of Jewellers of Russia. 

The Chairman of the Board of the “Guild of Jewellers of Russia” Association Gagik G. Gevorkyan and the Deputy Director General of the “Guild of Jewellers of Russia” Association Valery Borisovich Radashevich answered the journalists’ questions.

Diamond mining in the RF in 2013 increased by 8.5%, export - by 18.6%

Diamond mining in the RF in 2013 amounted to 37.9 million carats - that is 8.5% higher than in 2012, as it follows from the materials of the Ministry of Finance of the RF.

In the second half of 2013, 20.4 million carats were produced. The average prime cost of diamonds in 2013 was $ 82.2 per carat, virtually unchanged compared to 2012.

In Russia, there are 2 397 registered jewellery manufacturing companies

In December 2013, experts of the AnalyticResearchGroup Company undertook a study of the players of the Russian market of production of jewellery on the basis of the Integrum database. As a result of the analysis the rating of enterprises in OKVED 36.22.5 subsector, “Production of Jewellery”, on sales proceeds and net profit in 8 federal districts was made.

Alrosa Posts 12% Rise On Year in Revenues in 2013

Russian diamond mining monopoly Alrosa reported a 12-percent increase on the year in revenue for 2013 to $4.67 billion (168.5 billion rubles) due to increased rough diamond sales.

The firm sold 15 percent more diamonds last compared with 2012 at 38.0 million carats which "offset the lack of price growth in 2013".

India’s GJEPC and Alrosa Sign Cooperation Deal

India’s Gem & Jewellery Export Promotion Council (GJEPC) and state-owned Russian diamond mining firm Alrosa signed a memorandum of understanding to share trade and statistical data on the diamond trade between the two countries.

The sides describe it as a significant step towards greater direct diamond trade between the two countries. The MoU was signed by GJEPC Chairman Vipul Shah and Alrosa President Fyodor Andreev. 

Dubai Diamond Exchange and Alrosa Sign Cooperation Agreement

The Dubai Diamond Exchange (DDE) and Russian diamond mining giant Alrosa have signed a Cooperation Agreement in Dubai.

The agreement aims to strengthen the relationship between the world’s largest producer of diamonds in volume terms and the DDE.

The document was signed by Andrey Polyakov, Alrosa Vice President, and Peter Meeus, Chairman of the Board of Directors of the DDE, in the presence of Yegor Borisov, President of the Republic of Sakha (Yakutia), and Ahmed Bin Sulayem, Executive Chairman of the Dubai Multi Commodities Centre (DMCC).

Kristall Launches New Online Polished Diamond Store

Kristall Production Corporation today (Monday) announced the launch of its new online polished diamond store. The store is an integral part of the company’s new English website, which was launched earlier this month.

The online polished diamond store offers customers the chance to make online purchases of polished diamonds certified by major international gemological laboratories.

AWDC and Russia Sign Agreement to Strengthen Ties

A delegation from the Antwerp World Diamond Centre (AWDC) and representatives of 35 Antwerp diamond companies met with a delegation of the Gokhran, the Russian State Precious Metals and Gems Repository, top management of mining giant Alrosa, and other stakeholders of the Russian diamond industry, at an exclusive Antwerp Diamond Night at the Belgian Embassy in Moscow on Wednesday.

International brands are coming to the Russian online market

Despite the new restrictions, introduced in Internet Commerce in 2014, this market continues to grow and develop actively. According to analysts’ forecasts, the growth dynamics of online trading in Russia is attractive for new players.

According to ÐÁÊ.research, the market grows by 25-30% per year and keeps huge potential for the development. The increase of the number of users contributes to the growth of Internet Commerce.

Molotok.ru: Sales in the Jewellery Segment Have Increased by 28%

Following the results of 2013, the Russian E-Commerce market has increased by 29%; the share of online purchases of the Russians abroad has grown by 16%.

The Molotok Company analyzed the state of the Russian market of electronic commerce. According to the report, by the end of 2013, the market demonstrated the growth by 29%, as compared with 2012; the leaders of the growth were universal on-line stores, which showed the highest frequency of shopping and the consumers’ loyalty.

Kristall Production Corp Launches New English Version of Website

Kristall Production Corporation has launched a new English version of its corporate website with the focus on the international audience.

The website change is part of the company’s moves to update its international market positioning.

The new site offers detailed information about the company, including its polished diamonds for sale, purchase terms and conditions, points of sale, client services, and its corporate philosophy of fair and transparent business.

On the Threshold of CIBJO Congress in Moscow

On the 11th of February a press conference “CIBJO Congress in Moscow and its Importance for the Development of the Russian Jewellery Art and the Jewellery Industry as a Whole” was held in the “Estet” Jewellery House.

The Chairman of the Board of The Guild of Jewellers of Russia, Gagik Gurgenovich Gevorkyan, made an announcement about the forthcoming Congress, as well as the current plans and objectives of the Association. 

Kristall Production Corp Adding Rough Goods to Polished Diamond Tender

Kristall Production Corporation says its Polished Tender No.6 will also include an assortment of rough diamonds weighing up to 15 carats.

The list of goods to be offered for sale will be available on February 21.

Viewing of the goods at Kristall’s Hong Kong offices will take place from February 26 to March 6 from 10:00 to 18:00 (excluding weekends).

At the firm’s Antwerp offices, the diamonds can be viewed from March 11 to 18 on the same conditions.