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ALROSA's sales of rough and polished diamonds reach $264.4 million in October
In October 2019, ALROSA Group sold $264.4 million worth of rough and polished diamonds. Rough diamond sales by value amounted to $253.9 million, polished diamond sales - $10.4 million.
ALROSA's total rough and polished diamond sales in January-October 2019 amounted to $2,686.6 million. During the nine months of 2019, rough diamonds were sold for $2,639.4 million, polished diamonds - for $47.2 million.
South Korean Diamond Exchange Persuades Govt To Abolish Consumption Tax on Diamonds
Following five years of talks and intensive work by the Korea Diamond Exchange (KDE), the South Korean government has slashed taxes on loose diamonds, says exchange President Nam Chang-Soo.
The individual consumption tax was introduced in 1976 and abolished in December 2018 in time for the new year, he explained.
WFDB 2019 Presidents Meeting
With the 2019 Presidents Meeting coming up in Dubai in September, the World Federation of Diamond Bourses held an Executive Committee Meeting at the Israel Diamond Exchange on Monday to prepare topics for further discussion.
We debated a wide variety of subjects vital to the industry, as well as moves to further raise the international standing of the WFDB. The Executive Committee also discussed the important subjects of synthetic diamonds and the state of the diamond trade globally.