23 Sep 2020
DiamondWorld Directory
Home |
News
Home
ALROSA amends its trading sessions’ schedule
ALROSA decided to change dates for its trading sessions in July and August after having reviewed the current market situation
By: Diamond World News Service
|
Jul 10 2020 10:11AM
|
Reference: 25027  

DecreaseIncrease

July trading session, initially scheduled for July 12-17, will take place on July 27-31. This decision will support the company’s clients that expressed the potential interest in purchasing rough in this period.
 
In order to make diamond supply steadier, ALROSA is also moving its next trading session from August 10-14 to the second half of that month. The dates to be announced later.
 
To balance rough supply with demand more effectively, the company idles its production of industrial diamonds of sieve classes under –3 and powders for the next six months.
 
“ALROSA continues its responsible approach to sales and constantly communicates with its clients in order to thoroughly monitor the market and answer its needs. At the last three trading sessions, we provided our customers with unprecedented flexibility, including an opportunity to defer contracted volumes to later periods of the year. Today, when the largest end-consumer markets show signs of recovery, we answer our clients’ requests and amend our initial trading schedule that was formed last year,” said ALROSA Deputy CEO Evgeny Agureev. “We believe that balancing supply with demand is the most important tool to normalize cutters’ stocks level.”
 
As a response to the situation in a global diamond industry caused by the coronavirus pandemic and related restrictions, ALROSA implements a number of measures to cut costs in 2020 that would lead to the annual diamond production of 28-31 million carats vs initial guidance of 34 million carats.
 
 

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 27259
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 1739
GJEPC Chairman Interview
Views: 24272
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 31583
Promo for IJ Awards 2012 at NDTV Profit
Views: 45908
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 58097
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18594
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 44569
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 42751
Advertisement
Finestar Diamonds
Advertisement
Kosher 250300
Member of:
Supporter of: