MajorsJul 18, 2025
Lewis Heyman on Sourcing Gemstones, Post-Retirement PlansHe retired last month after 28 years traveling the world to source the very best gemstones for his family’s jewelry business, Oscar Heyman.
SourcingApr 13, 2014
Alrosa inks agreement with GJEPC
State-owned Russian diamond mining company Alrosa has signed an agreement with India’s Gem & Jewellery Export Promotion Council to share trade and statistical data on the diamond trade.
Alrosa President Fyodor Andreev, left, and Vipul Shah, chairman of India’s Gem&Jewellery Export Promotion Council, recently signed a memorandum of understanding to share more data on diamond trading.
Moscow--Alrosa has yet another global partner. The state-owned Russian diamond mining company signed an agreement last week with India’s Gem & Jewellery Export Promotion Council to share trade and statistical data on the diamond trade.
The memorandum of understanding, signed Thursday in Moscow by GJEPC Chairman Vipul Shah and Alrosa President Fyodor Andreev, is a step toward greater direct trade between the two countries, both of which are major players in the global diamond industry.
Alrosa produced 34.9 million carats of rough diamonds in 2012, and it is the world’s No. 1 producer in volume terms and second in value terms, with only De Beers topping it.
India, meanwhile, remains a major hub for the cutting and polishing of diamonds.
The country imported 163.11 million carats of rough diamonds worth $16.34 billion and exported 36.46 million carats of polished diamonds worth $20.23 billion in calendar year 2013.The amount of rough Alrosa sells to Indian companies has been growing for the past five years and totaled $700 million last year.
Under the MOU, Alrosa and the GJEPC agree to exchange information that would help to develop cooperation between the Russian and Indian diamond sectors, such as overviews of the diamond market situation, Indian and Russian trade figures, and information on Indian diamond market research.
The goal is to streamline overall trade procedures to allow for more direct imports of Alrosa’s diamonds into India and to increase Indian exports of polished diamonds to Russia, Alrosa and the GJEPC said.
“India has long sought long-term contracts between Alrosa and the Indian cutting and polishing industry,” Shah said at the signing. “Both trade bodies look forward to cooperating and exchanging information in the framework of implementation of the Kimberley Process Certification Scheme and jointly seek to maintain separate sales of both natural and synthetic diamonds and diamond jewelry. This is just the beginning.”
RELATED CONTENT: In Russia, AWDC strengthens ties with Alrosa
India is the latest country with which Alrosa is working to forge a deeper partnership. Last month, executives with the Russian mining company signed an agreement with officials from the Antwerp World Diamond Centre.
Alrosa, which has its eye on becoming the world’s No. 1 producer in value terms, also has been increasing its presence in the United States and its mining ventures in the African nation of Angola.
More on Sourcing
The Latest
TrendsJul 18, 2025
Piece of the Week: CCWW Designs’ Shell Charm NecklaceThe charm necklace features six nautical charms of shells and coral that founder Christina Puchi collected on Florida’s beaches.
MajorsJul 18, 2025
Plumb Club Elects New Board MembersThe organization elected its youngest vice president as it looks to draw in fresh talent.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
TechnologyJul 18, 2025
Brad Campbell, John Liebler Join Clientbook’s Executive Team Campbell joins the company as vice president of business development while Liebler is the new vice president of operations.
Weekly QuizJul 17, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJul 17, 2025
2026 Winter Olympic Medal Design Symbolizes UnityThe medals feature a split-texture design highlighting the Games’ first time being hosted by two cities and the athletes’ journeys.
Supplier BulletinJul 17, 2025
The INSTORE Jewelry Show 2025: Your Holiday Preparations, All Wrapped Up! Sponsored by The INSTORE Jewelry Show 2025
Brought to you by
Jewelers of America is Headed to Las Vegas for JCK 2025The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.
SurveysJul 17, 2025
The Most Recommended Brands in the World, According to YouGovGlobally, travel and transportation brands reigned, while in the U.S., alcoholic beverage companies and a lingerie brand took the top spots.
IndependentsJul 17, 2025
Gina Ferranti of GiGi Ferranti Jewelry Dies at 59The Brooklyn-based jewelry designer is remembered as a true artist and a rare talent.
Events & AwardsJul 17, 2025
JA to Hold Learning Workshops This FallA new slate of Learning Workshops will take place in Oklahoma, Mississippi, and Georgia.
SurveysJul 16, 2025
Signet Jewelers Falls Lower on NRF’s ‘Top 100’ Retailers ListThe middle class is changing its approach to buying jewelry and affordable luxury goods, the NRF said.
FinancialsJul 16, 2025
Richemont’s Jewelry Sales Up 7% in Q1It marks the third consecutive quarter of growth for Cartier, Van Cleef & Arpels, Buccellati, and Vhernier.
WatchesJul 16, 2025
The Top-Selling Rolex Models of the Last 15 Years, According to Bob’s Watches The reseller’s market trends report, based on its sales data, also shows exactly how much Rolex prices have jumped since 2010.
AuctionsJul 16, 2025
Christie’s To Honor Dinh Van With ExhibitionThe auction house will be hosting a retrospective paying tribute to jeweler Jean Dinh Van and his company’s 60th anniversary.
IndependentsJul 16, 2025
Clyde Duneier Ushers In Fourth GenerationJake Duneier and Danielle Duneier-Goldberg have stepped into the roles of CEO and president, respectively.
CollectionsJul 15, 2025
Boucheron’s New High Jewelry Calls Attention to Nature’s ImpermanenceThe “Impermanence” collection contemplates nature through the Japanese art of Ikebana (flower arranging) and philosophy of wabi-sabi.
MajorsJul 15, 2025
James Avery Expands to 2 More StatesThe Texas-based jewelry retailer has set up shop in Tennessee and Arizona.
Events & AwardsJul 15, 2025
Neiman Marcus Vet Joins Couture as Brand Director Eric Ford will step into the role, bringing with him decades of experience.
MajorsJul 15, 2025
Ben Bridge Jeweler Acquires Olympic ManufacturingIn addition to improved capabilities, the acquisition will allow the jeweler to offer support to other independent jewelers.
CollectionsJul 15, 2025
Guzema Debuts First Colored Gemstone JewelryThe “Celestial Blue” capsule collection campaign features Olympian Kateryna Sadurska.
MajorsJul 14, 2025
Nanis Opens First StoreThe seasonal store, located in Mykonos, Greece, offers exclusive events, personal styling, and curated experiences.
IndependentsJul 14, 2025
It’s the Summer of Love at Long’s JewelersThe New England jeweler is hosting a bridal event for the month of August.
Events & AwardsJul 11, 2025
The Edge’s Annual Conference Returns in SeptemberIts sessions will focus on inventory strategies, staff performance, retention and acquisition, emerging market trends, and more.
CollectionsJul 11, 2025
Piece of the Week: Miseno’s ‘Arco’ EarringsFor its 10th anniversary, Miseno designed the “Arco” earrings based on the Arco Felice, an arch conceptualized in A.D. 95 in Miseno, Italy.
Policies & IssuesJul 11, 2025
James Avery to Donate $1M to Texas Hill Country Relief EffortsThe jewelry company is one of several contributing to relief efforts in the region after the recent floods.
TrendsJul 11, 2025
Kelly Osbourne’s Engagement Ring Is Sweet as HoneyInspired by fiancé Sid Wilson’s nickname for her, the white and yellow diamond ring features a unique honeycomb design.
