OurBuzz
GJS Dubai Roadshow – Diwali Edition 2022
GJC organised a road show in Dubai to promote the Diwali Edition of “India Gem & Jewellery Show GJS” to be held from 22nd to 25th September 2022 at Mumbai. More than 50 prominent retailers from Dubai attended the event and assured their presence for the GJS Show.
Mr. Saiyam Mehra (Vice Chairman – GJC), Mr. Chandu Siroyaa (Vice Chiarman – Dubai Jewellery Group), Mr. Tamjid Abdulla (Dubai Jewellery Group), Mr. Anil Dhanak (Director – Dubai Jewellery Group, Founder Kanz Jewels), Mr. S Abdul Nazar (Director – GJC), Mr. Sanjay Agrawal (Director – GJC), Mr. Rajesh Jain (Siroya Jewellers), Mr. Shakil (Pure Zara), Mr, Shaheer (Malabar Gold and Diamonds) and Mr. Dhyay Mehta (Extended Committee Members) along with other industry delegates were present at the GJS Roadshow in Dubai. They have promised a big delegation to the GJS Diwali Edition in Mumbai.
Mr. Saiyam Mehra (Vice Chairman GJC & Convener GJS) along with Mr. Sanjay Agrawal (Director GJC) met Mr. Joy Alukkas (CMD- Joyalukkas Jewellery) who assured the presence of 25 staff members from Joyalukkas Group including 5 staff members from Dubai for the Diwali Edition of GJS.
DiamondBuzz
Alrosa Reports $130mn H1 Loss Amid Diamond Market Headwinds
The Company Cited Geopolitical and Macroeconomic Uncertainty, Western Sanctions, Shifting Jewellery Demand, Higher Gold Prices and Weaker Rough and Polished Diamond Sales As Key Challenges.
Russia’s state-controlled diamond miner Alrosa reported a 10.67 billion-ruble ($129.7 million) net loss in H1 2026, reversing a 39.03 billion-ruble profit a year earlier. Revenue plunged 36% to 74.16 billion rubles ($901.6 million), while gross profit fell to 4.62 billion rubles.
The company cited geopolitical and macroeconomic uncertainty, Western sanctions, shifting jewellery demand, higher gold prices and weaker rough and polished diamond sales as key challenges. Its operating loss widened to 5 billion rubles, while the pre-tax loss reached 14.08 billion rubles.
Adding to the pressure, Russia’s 8% export duty on unprocessed rough diamonds above 0.45 carats, postponed to March 2027, is expected to cut Alrosa’s profit by around 3.12 billion rubles ($37.9 million), further clouding the miner’s outlook.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.