ALROSA will hold its next auction of special size rough diamonds (stones weighing over 10.8 carats) in Israel from August 19 to September 6, 2018.

The next phase in the development of Tracr, the end-to-end diamond industry blockchain being developed by De Beers Group in collaboration with industry stakeholders, will be led by fin-tech professional Jim Duffy, whose appointment as Tracr General Manager was announced yesterday.

On a test basis, PJSC ALROSA transacted business with clients from China and India on the basis of payment in Russian currency. “If necessary, the Company is ready to use this payment scheme in rubles in the future,” ALROSA stated.

The Multi Commodity Exchange of India Limited (MCX) and India Bullion & Jewellers Association (IBJA) have signed a memorandum of understanding (MoU) for increasing collaboration between the two bodies including jointly exploring the setting up a bullion spot exchange in the country.