Kristall Production Corp Announces Polished Diamond Tender

Kristall Production Corporation has announced its Polished Tender No.6.

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.

«Only the Most Effective and Capable to Change Themselves Will Stay in the Market»

JSC «Krastsvetmet» is one of those rare companies that do not need to be introduced. Being the largest in Russia precious metals refining plant, it also takes the lead among Russian jewellery manufacturers. Nowadays it is impossible to imagine the range of goods in any of the jewellery stores from Kaliningrad to Vladivostok without Krastsvetmet chains; and Krasnoyarsk jewellery pleases the customers with its high quality and the variety of choice.

In 2014 the jewellery manufacture of the plant celebrates its twentieth anniversary.

Mikhail Vladimirovich DYAGILEV, Director General of JSC “Krastsvetmet”, tells the “Navigator for Jewellery Trade” magazine about the success, achieved in jewellery business over the past two decades, about strategically important changes in manufacturing and merchandising, as well as about the company’s future plans.

Alrosa Posts Decline in Q3 Profits, Revenues Jump

Alrosa and AWDC Sign Cooperation Agreement

Russian diamond mining monopoly Alrosa has signed a three-year cooperation agreement with the Antwerp World Diamond Centre (AWDC).

The agreement aims "to improve the efficiency of cooperation between AWDC and Alrosa over the next three years and includes the intention for both parties to contribute to the development of a competitive rough and polished diamond market in Russia and the promotion of Russian diamond production on the Belgian market".

ALEXANDER BASANSKY: «I stake on Personalities»

«Arbat» is not just a stable, dynamically developing enterprise. It is a real Empire, headed by Alexander Basansky. «Arbat» became the first enterprise in the region which started extraction of deposits of buried gold formed in Great Ice Age at a depth of 90-100 m. It was one of the first to use the powerful Japanese diesel shovels.

The Holding consists of 11 mining objects, including two mines, placer enterprises; a jewellery workshop, 15 jewellery stores, and also a restaurant and a shopping center. One thousand employees are involved. How does he manage to run such a large-scale Company? What can be considered the key to success? How are human relations "the head - the subordinate", relations with partners and competitors built? We addressed these questions to Mr. Basansky, Director General of the Holding.

Your Gateway To The Most Precious Collections And Connections

Last year Dubai International Jewellery Week 2012 welcomed dedicated buyers from countries such as Azerbaijan, Kingdom of Saudi Arabia, Russia, Turkey and others. The Hosted Buyer Programme is a unique component of our show that provides top-level buyers an opportunity to meet with the exhibitors of their choice for focused one-to-one appointments. Qualified buyers will be the stars of the show and attend Dubai International Jewellery Week as our guests.

So, more news about Dubai International Jewellery Week...

Alrosa H1 Diamond Exports Up 20% on Year

Russian diamond exports in the first half of 2013 were almost 20 percent higher on the year-earlier period, the Finance Ministry reported.

The country sold 18.31 million carats of rough diamonds in the January-June period with a value of $2.32 billion, 18.6 percent higher than the same period of 2012.

Alrosa Raises $1.3B as Shares Start Trading

Russian miner Alrosa raised around $1.3 billion in its public offering of shares on the Moscow MICEX Stock Exchange with trading starting today at a price set by the company of RUB35 ($1.10) per share.

Investors included Oppenheimer Funds Inc. and Lazard Ltd., said First Deputy Prime Minister Igor Shuvalov. “The fact that the deal was oversubscribed and the quality of investors is proof that the sale went successfully,” Shuvalov said in comments cited by Bloomberg News.

Hoarding Gold – Saving Motherland?

The vice-chairman of the State Duma’s Committee on Science Mikhail Degtyarev has prepared amendments to the law “On Precious Metals and Gem Stones”.  In case the amendments are seconded, the exports of gold (gold bullions and ore) will be completely banned already from the first of January next year.

In January-August the Production of Diamond Jewellery Grew by 14%

In January- August 2013, the production of diamond jewellery increased by 14% compared to the similar period in 2012 and amounted to 1.2 million pieces, Rosstat reports.

The production of wedding rings decreased by 5.8%  to 487 thousand pieces. The number of gold and silver chains, produced in January-August, was reduced by 17%, in comparison with the year-earlier period (4.1 million pieces).

Alrosa Posts Rise in Q1-Q3 Production

Russia's Alrosa produced 9.9 million carats of diamonds in the third quarter of this year, an increase of 9 percent compared to the year-earlier period, and 27.1 million carats for the first nine months of the year, an increase of 6 percent on the year.

Alrosa Finds 235-Ct Diamond

Russia's Alrosa discovered a 235.16-carat diamond in late September at the Aikhal mining and concentration mill.

Alrosa said that experts believe the diamond (cleavage dark 4C category) may be worth $1.5 million-$2 million.

The diamond, with dimensions of 42.0 x 26.0 x 28.0 mm, was found at the Yubileynaya (Jubilee) diamond pipe.

It is transparent, with a yellow hue, and with small graphite-sulfide inclusions in its periphery.

Russian Connoisseurs of Luxury Prefer Foreign Jewellery Brands

According to the research “Premium-Class Jewellery. Demand-Supply Analysis of the Leading Global and Russian Jewellery Brands”, the well-to-do Russians do not trust their domestic jewellery retailers and prefer buying jewellery abroad. The share of foreign jewellery brands in the capitals’ stores comes up to 65%, due to the lack of the thought-out marketing strategy of the Russian manufacturers, rather than poor development of the industry.

Alrosa Announces Launch of Share Offering

Russia's Alrosa is to carry out a share offering on CJSC MICEX Stock Exchange, a subsidiary of the Moscow Exchange.

The announcement follows several years of rumors of a share offering that was reportedly delayed several times due to problems relating to global stock markets.

The offering will involve the sale of shares owned by both the Russian Federation and the Republic of Sakha (Yakutia), where most of the company’s mines are located.

Jewellers of the RF increased the consumption of gold by 19.3%

In the first half of 2013 the jewellery industry of Russia increased the use of gold for manufacturing of items by 19.3% compared to a year earlier, up to 26.868 tons (863.826 thousand ounces) and decreased the use of silver by 1.3% to 62.539 tons (2.011 million ounces), reported in the Assay Chamber of Russia.