Tuesday, May 30, 2017

Share of online sales in Russia currently accounts for 2-3% of the total volume of retail trade in jewels

In the conference hall of ALROSA held a meeting of the Public Expert Council of the Federal state institution "Assay Chamber of Russia" dedicated to the topical issues of Russia's e-commerce jewelry.
The event was attended by leaders of the FGI "Assay Chamber of Russia", representatives of the federal executive bodies, the jewelry enterprises and industry associations, communication companies, courier companies and other market participants.
During the meeting they discussed the obstacles to the development of jewelry online sales, the risks faced by manufacturers, sellers and buyers in the process of distance selling jewelry, as well as ways to minimize such risks.
"According to experts, the share of online sales in Russia currently accounts for 2-3% of the total volume of retail trade in jewels, while in other countries the figure is several times higher. "ALROSA" considers it important to the development of e-commerce jewelry because it will naturally boost demand for rough diamonds. Great importance will be the removal of the legislative restrictions on trade in jewels, ordered from online stores. In my opinion, it is necessary to carefully study the positive experience of this trade in China. At the same time, we support the measures aimed at combating counterfeit jewelery and restriction of the activities of unscrupulous online retailers in this area », ─ commented on the meeting of the Vice-President of ALROSA Yuri Okoemov.

1 comment:

Pearl Necklace said...

Mountain Province Diamonds Inc. today announced results for the quarter ended March 31, 2017.
For Gacho Quay (Gahcho Kué) three months in the diamond mine about 492,000 were processed in Canada tons of ore and produced about 867,000 carats at an average grade of about 1.76 carats per metric ton. This volume content of approximately 17% higher than the calculated figure of the first quarter. Due to the Company's share in the first quarter amounted to approximately 424 830 carats.
In the eight months since the start of production in August 2016 until the completion of the third trading session in March 2017 Mountain Province has sold a total of approximately 523,000 carats worth $ 40.4 million at a price of about $ 77 per carat. In the three months to March 31, 2017 the company held three trading sessions on his own brokerage site in Antwerp, sold about 522 000 carats, including fancy diamonds and diamonds of special sizes. Revenues at approximately $ 37.7 million, or an average of $ 72 per carat, were received by 5 April 2017.
At the same time 96% of sales revenues were provided at the expense of diamond jewelry and poluyuvelirnogo quality at an average price of $ 118 per carat. The remaining 4% of revenue occurred in technical quality diamonds with an average price of $ 7 per carat. The share of diamond jewelry and poluyuvelirnogo quality was about 57% of total sales.
May 5, at the end of the quarter, the company closed its fourth trading session at an average price of $ 86 per carat, which is 19% higher than the average sales price in the first quarter. Mountain expects to begin to sum up revenue came after the fifth trading session in mid-June.
For the three months ended March 31, 2017, Mountain showed a net loss of $ 2.1 million, or $ 0.01 per share.