The Court of Justice has set aside the judgment of the General Court and upholds the Commission’s decision making binding the commitments offered by De Beers to cease all purchases of rough diamonds from Alrosa.
In adopting the decision, the Commission did not make an error of law or a manifest error of assessment or [...]

In connection with the difficult economic situation stemming from the crisis in the global diamond market, as well as a significant amount of capital investment in construction of underground mining, the Board of Russian diamond monopoly Alrosa has decided to propose to the company’s Supervisory Board to recommend to the shareholders’ meeting not to allocate [...]

pAlleged diamond trafficker Inga Kozubinu, a citizen of Moldova, has been extradited from Bulgaria to Russia, in a case that dates back nearly a decade./p
pKozubinu stands accused of being a member of an organized criminal gang based in Moscow that organized the trafficking of rough diamonds weighing over 30 carats and valued at nearly $1 [...]

pOver the first two months of 2010, Russian diamond miner Alrosa has registered stable demand for rough allowing it to sell all of its mining production on the market. The company has sold over US$667 million worth of rough and polished diamonds in January and February 2010./p

Research and Markets has announced the addition of the “Worldwide Jewelry Market Demand and Opportunities” report to their offering.
The report covers global gems and jewelry industry structure, market size, trends and opportunities prevailing. In terms of geography the publisher has discussed United States, which accounts for the largest percentage of the market, European Union including [...]

Fitch Ratings has upgraded Russian diamond producer ALROSA Company Limited’s (ALROSA) Long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘B’, removed it from Rating Watch Negative (RWN) and assigned a Stable Outlook. Fitch has also upgraded ALROSA’s senior unsecured rating to ‘B+’ from ‘B’ and removed it from RWN. ALROSA’s Short-term IDR is [...]

There will be a public auction of special size rough diamonds weighing 10.8 carats or more at the Gokhran in Russia on March 16, 2010.
In order to take part in the bidding, a company must submit an application in writing by February 26, 2010, and pay a deposit on 30,000 Russian Rubles.

Standard & Poor’s Ratings Services has reinstated its long-term corporate credit rating on
Russian diamond miner ALROSA Co. Ltd. (Alrosa) at ‘B+’ and the short-term rating at ‘B’. Standard & Poor’s suspended the ratings on April 7, 2009. The outlook is positive. The reinstatement follows Standard & Poor’s receipt of sufficient financial and operating data on [...]