Alrosa

Surat diamond industry pins hope on new mines amid staggered work

With some mines in Botswana being put to work, rough diamond trade could ease by 10% amid US sanctions on Russia's Alrosa which commands 27% global supply

Russian diamond giant ALROSA has assured smooth supply, says GJEPC

Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah said India directly imports around 10 per cent of Alrosa's total rough diamond output

Coronavirus scare: Russia's Alrosa to cut supply on falling demand

Confirming the development, Jim Vimadalal, director, Alrosa India, said, "We have decided to trim supply to match the global demand, which is currently subdued."

Alrosa plans rough diamond trading in India, seeks reduction in 40% tax

Alrosa sells around 16 per cent of its annual rough diamond output directly to India through its 15 long-term and 140 spot and auctions clients

Russia's Alrosa seeks tax benefit for diamond sales in India

Alrosa, the Russian diamond mining group, has sought tax concessions from the Government of India (GoI) for enabling the to set up an office in this country, for sale to diamantaires here.It has begun selling a small quantity through intermittent exhibitions of rough diamonds ('roughs' in industry parlance) at the Special Notified Zone (SNZ) in the Bharat Diamond Bourse here. The bulk is sold through zero-tax centres at Dubai and a low-tax one at Belgium.GoI seeks turnover tax through advance pricing of roughs, which comes to multiples of the Belgian levies. Alrosa wants to equalise the tax here with that of Belgium, to increase its roughs' supply to Indian processors. Alrosa contributes around eight per cent of India's total annual import of 153.31 million carats (worth $17.08 billion)."Foreign diamond mining companies seek a business environment in India similar to that in Dubai and Belgium. Ultimately, the roughs they offer to buyers in Dubai and Belgium are routed to India, as ...