Alrosa

Jewelers Vigilance Committee Shares Member Alert Regarding Additional Russian Diamond Sanctions Under Development

Retrieved on: 
Monday, February 27, 2023
JVC, State, Vigilance committee, Character, Board of Patent Appeals and Interferences, Customs, SOE, Keynote, G7, Government, Privacy Office of the U.S. Department of Homeland Security, General counsel, United, Cryptocurrency, Jewellery, Alrosa

NEW YORK, Feb. 27, 2023 /PRNewswire-PRWeb/ -- On February 24, 2023, the leaders of the G7 announced that they would be working on additional measures to address rough and polished diamonds of Russian Federation origin. This announcement was significantly timed in conjunction with the first anniversary of the illegal Russian invasion of Ukraine and subsequent unjustified war. The text of the announcement is here: https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/24/....

Key Points: 
  • This announcement was significantly timed in conjunction with the first anniversary of the illegal Russian invasion of Ukraine and subsequent unjustified war.
  • However, the Jewelers Vigilance Committee (JVC) has received information that restrictions are likely to specifically target polished diamonds, regardless of where they are cut and polished.
  • Alrosa is a group of diamond mining companies, and a Russian state-owned enterprise (SOE).
  • To learn more about the Jeweler's Vigilance Committee (JVC), visit https://jvclegal.org/ or call 212-997-2002.

Rapaport Press Release: US Demand, Uncertain Supply Buoy Diamond Prices

Retrieved on: 
Tuesday, June 7, 2022
Bridal, Natural Resources, Luxury, Retail, Mining, Minerals, COVID-19, De Beers, Gemstone, Alrosa

Dealers hope the positive sentiment will boost trading in the second half of the year.

Key Points: 
  • Dealers hope the positive sentiment will boost trading in the second half of the year.
  • The number of diamonds on RapNet stood at 1.8 million as of June 1, up 43% from a year earlier.
  • De Beers raised prices of small rough at its latest sight from June 6 to 10.
  • US and European jewelers and brands may have difficulty filling their sourcing requirements in the coming months without Russian supply.

Rapaport Press Release: Diamond Trading Reflects Market Split

Retrieved on: 
Tuesday, May 3, 2022
Supply Chain Management, Retail, Luxury, Mining, Minerals, Specialty, Natural Resources, OFAC, Industry, Disclosure, Office of Foreign Assets Control, Patiala, Torture, Government, COVID-19, De Beers, Animal, Alrosa

US retailers continue to see solid jewelry sales but are carefully managing their inventory and avoiding bulk orders.

Key Points: 
  • US retailers continue to see solid jewelry sales but are carefully managing their inventory and avoiding bulk orders.
  • They expect a strong summer wedding season now that couples who delayed their nuptials due to Covid-19 are resuming their plans.
  • Jewelers are becoming more careful about source disclosure as the sanctions on Russian diamonds intensify.
  • The measures have led the industry to bifurcate its diamond supply.

Rapaport Press Release: Sentiment Softens Despite Diamond Price Rise

Retrieved on: 
Tuesday, March 1, 2022
Mining, Minerals, Natural Resources, Momentum, Scarcity, Lunar New Year, Coronavirus, Growth, Lunar New Year Fair, De Beers, Cryptocurrency, Alrosa

Copyright 2022 by Rapaport USA Inc.

Key Points: 
  • Copyright 2022 by Rapaport USA Inc.
    High US inflation, the promise of interest-rate hikes and the lingering coronavirus pandemic are fueling doubt and weighing on consumer sentiment.
  • The sanctions, which target Alrosas ability to obtain credit, also saw Russian banks removed from international payment schemes.
  • Delayed money transfers to Alrosa will likely disrupt supply from the miner the worlds largest volume producer and may result in rough shortages.
  • Rough on the dealer market and at auctions was selling at high double-digit premiums compared to De Beers January prices.

Rapaport Press Release: Diamond Prices End Year on a High

Retrieved on: 
Tuesday, January 4, 2022
Retail, Luxury, Natural Resources, Mining, Minerals, Miner, Chinese New Year, De Beers, Omicron, Industry, Mastercard, Alrosa, Tourism

Jewelry sales grew 32% year on year for the period spanning November 1 to December 24, according to MasterCard SpendingPulse.

Key Points: 
  • Jewelry sales grew 32% year on year for the period spanning November 1 to December 24, according to MasterCard SpendingPulse.
  • Jewelers required goods for the last-minute Christmas rush, and the industry was anticipating steady post-holiday trading.
  • Rough prices climbed by an estimated average of 23% during 2021, putting a squeeze on manufacturing profit margins.
  • De Beers and Alrosa kept prices unchanged in December and saw relatively small sales during the month.

Rapaport Press Release: Diamond Trade Upbeat Ahead of 2Q Slowdown

Retrieved on: 
Tuesday, April 6, 2021
Retail, Luxury, Mining, Minerals, Other Retail, Bridal, Natural Resources, Minerals, Diamond, Materials, Mineralogy, Diamonds as an investment, Alrosa, Inventory optimization, Lean manufacturing, De Beers, Gemological Institute of America, Postponement, Inventory

Grading backlogs have resulted at the Gemological Institute of America (GIA), raising concerns about excess inventory.

Key Points: 
  • Grading backlogs have resulted at the Gemological Institute of America (GIA), raising concerns about excess inventory.
  • De Beers limited its supply during the month as it prepared assortments for the new contract period beginning on April 1.
  • Alrosa delayed its April trading session by one week, arguing that the postponement would help the midstream maintain its inventory balance.
  • For in-depth diamond price, supply and demand data and analysis, subscribe to the Rapaport Research Report here .

Rapaport Press Release: Diamond Prices Stable as Market Finds Balance

Retrieved on: 
Thursday, March 11, 2021
Retail, Luxury, Natural Resources, Mining, Minerals, Minerals, Economy, Diamond, Materials, Diamonds as an investment, Alrosa, De Beers, Supply and demand, Demand, Martin Rapaport

The market continues to enjoy a healthy balance between supply and demand.

Key Points: 
  • The market continues to enjoy a healthy balance between supply and demand.
  • Manufacturers are trying to protect their profit margins with firm polished prices after the recent hike in the cost of rough.
  • De Beers and Alrosa raised prices an average 3% to 5% in February, the third increase in as many months.
  • For in-depth diamond price, supply and demand data and analysis, subscribe to the Rapaport Research Report here .

Rapaport Press Release: Diamond Prices Soften as Supply Rises

Retrieved on: 
Tuesday, February 2, 2021
Retail, Other Natural Resources, Luxury, Mining, Minerals, Other Retail, Bridal, Natural Resources, Minerals, Economy, Materials, Luxury brands, Diamonds as an investment, De Beers, Diamond, Alrosa, Petra Diamonds, Momentum, Price, Martin Rapaport

De Beers and Alrosa sold a combined $910 million during the month 17% more than a year earlier.

Key Points: 
  • De Beers and Alrosa sold a combined $910 million during the month 17% more than a year earlier.
  • The momentum continued in January, spurring the two miners to raise prices by 4% to 7%.
  • Rough prices at tenders by Mountain Province and Petra Diamonds rose 8% and are now back to pre-pandemic levels.
  • For in-depth diamond price, supply and demand data and analysis, subscribe to the Rapaport Research Report here .

Global Diamond Industry - Recovery of the Industry Depends on Getting Consumers Back into Jewelry Stores as Big Players Lower Prices

Retrieved on: 
Wednesday, September 16, 2020
Minerals, Mining, Industries, Luxury brands, Diamond, Crystals, De Beers, Alrosa, Blood Diamond, Martin Rapaport, Diamonds as an investment

Both Alrosa and rival De Beers have lowered prices in their most recent sales.

Key Points: 
  • Both Alrosa and rival De Beers have lowered prices in their most recent sales.
  • The two companies had tried to defend the value of their diamonds however with the closure of jewelry stores and travel bans in effect, the global demand for diamonds was significantly reduced.
  • Many of their customers have not bought any significant amount of diamonds since February and will need to replenish inventories.
  • However, the recovery of the diamond industry will ultimately depend on getting consumers back into jewelry stores.

Diamonds Are Discounted: Biggest Producers Lower Prices For First Time Since Pandemic - ResearchAndMarkets.com

Retrieved on: 
Friday, September 11, 2020
Luxury, Retail, Minerals, Mining, Industries, Luxury brands, Diamond, Crystals, Alrosa, De Beers, Blood Diamond, Diamonds as an investment, Martin Rapaport

The two biggest diamond producers have lowered prices in an attempt to spur demand.

Key Points: 
  • The two biggest diamond producers have lowered prices in an attempt to spur demand.
  • Both Alrosa and rival De Beers have lowered prices in their most recent sales.
  • The two companies had tried to defend the value of their diamonds however with the closure of jewelry stores and travel bans in effect, the global demand for diamonds was significantly reduced.
  • Many of their customers have not bought any significant amount of diamonds since February and will need to replenish inventories.