International News
VICENZAORO JANUARY 2025 confirms its success as international business and networking platform
VICENZAORO sees participation from 145 countries
Vicenzaoro January 2025, the event of reference for the global jewellery industry and the starting point of the sector’s global calendar. The edition not only confirmed last year’s exceptional numbers, it also touched the international dimension record: in fact, foreign visitation – greater than that of Italians – reached the extraordinary participation number of 145 countries from all over the world, with Turkey, the United States, Germany, Spain and Greece in the lead and interesting increases in countries such as North Korea and Australia.
“We have won the internationality challenge,” commented Corrado Peraboni, CEO of Italian Exhibition Group, in regard to Vicenzaoro Jan 2025. “Several years ago, we decided to develop our leading products abroad. A successful strategy that has decisively increased foreign visitation at our most important events in Italy.”
International News
ALROSA reports 5.7% revenue dip, net profit rises 26.6% driven by sale of Catoca stake
Russian diamond giant ALROSA reported a 5.7% decline in revenue for the first nine months of 2025, totaling RUB 157 billion (USD 419 million), as it continues to navigate subdued sales volumes, lower prices, and the impact of Western sanctions.
While revenue for the first half had plunged 24%, the latest results suggest a modest recovery in recent months. However, gross profit fell 37% year-on-year to RUB 33.9 billion (USD 90 million), reflecting ongoing weakness in rough diamond prices.
In contrast, net profit rose 26.6% to RUB 35.8 billion (USD 95 million), primarily driven by the sale of ALROSA’s 41% stake in Angola’s Catoca diamond mine for RUB 159 billion (USD 424 million).
To mitigate market volatility, ALROSA has halted operations at several low-margin mines and signaled further cost-cutting measures, including potential job reductions. The miner has also been selling rough diamond inventories to Gokhran, Russia’s state repository, as part of its stabilisation efforts.
ALROSA reports 5.7% revenue dip, net profit rises 26.6% driven by sale of Catoca stake
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