India makes 70pc of world's diamonds
Sunday, 6 June 2010
In May 2010, the ALROSA Group sold rough for over USD335 million. The Company plans to supply rough and polished to the market to a total over USD2 billion as a result of the first half of the year. ALROSA appreciates the results of its mutually beneficial cooperation with its clients under existing long-term contracts.
ALROSA continues its programme of restructuring its short-term debts. As a result of the half-year, the Company plans to reduce its total debt down to USD 3.5 billion, compared to former planned target of USD3.7 billion. Such reduction in ALROSA's liabilities is possible due to its over-plan profit. The actual profit of the Company as a result of the first four months of 2010 is about 7.8 billion rubles.
The World Gold Council (WGC) has announced the appointment of Jammy Chan as its Head of Investment in Greater China, effective immediately. Mr Chan will be based in Beijing and will report to Roland Wang, General Manager, Greater China at the WGC.
One of the much-awaited jewellery trade shows of the year, JCK Las Vegas is being organized from June 4-7 2010. The Gem & Jewellery Export Promotion Council (GJEPC) is hosting the Indian Pavilion which will host participation of 45 leading manufacturers from India.
India today manufactures 70 per cent of world's diamonds and is also the largest supplier/manufacturer of studded jewellery. As USA (which consumes almost 50 per cent of these) is the largest buyer, participation at JCK Las Vegas becomes a given for the industry and its many players.
--Commodity Online
ALROSA continues its programme of restructuring its short-term debts. As a result of the half-year, the Company plans to reduce its total debt down to USD 3.5 billion, compared to former planned target of USD3.7 billion. Such reduction in ALROSA's liabilities is possible due to its over-plan profit. The actual profit of the Company as a result of the first four months of 2010 is about 7.8 billion rubles.
The World Gold Council (WGC) has announced the appointment of Jammy Chan as its Head of Investment in Greater China, effective immediately. Mr Chan will be based in Beijing and will report to Roland Wang, General Manager, Greater China at the WGC.
One of the much-awaited jewellery trade shows of the year, JCK Las Vegas is being organized from June 4-7 2010. The Gem & Jewellery Export Promotion Council (GJEPC) is hosting the Indian Pavilion which will host participation of 45 leading manufacturers from India.
India today manufactures 70 per cent of world's diamonds and is also the largest supplier/manufacturer of studded jewellery. As USA (which consumes almost 50 per cent of these) is the largest buyer, participation at JCK Las Vegas becomes a given for the industry and its many players.
--Commodity Online