Introduction : The world diamond market, which has fallen sharply during the economic crisis, has gradually recovered. In the first half of 2011, diamond prices rose by a third, and Russia's Alrosa even said that the market is about to be in short supply... The Russian Business News Daily reported that the world fell during the economic crisis. The diamond market has gradually recovered. In the first half of 2011, diamond prices rose by a third, and Russia's Alrosa even said that the market is about to be in short supply. Alrosa said last week that the company used a total of 19.33 million carats of diamonds in the first half of this year, 1.74 million carats more than the same period last year. The company sold a total of $2.2 billion worth of diamond raw materials and diamonds ($2.047 billion in the same period last year). In the first half of this year, the company's net profit was 16.4 billion rubles, 5.5 times that of the same period last year. Alrosa's second-quarter earnings report (according to Russian accounting standards) showed that global diamond prices rose by 35% in the first half of the year, with demand growth in almost all regions except Japan. Rough & Polished analyst Sergei Goliainov said that in the first half of 2010, the Russian diamond value per carat was about 66 US dollars, and the price in July 2011 was 124 US dollars, reaching the highest level in history. The main consumer of diamonds is still in the gift industry: Alrosa’s financial report says that the demand for diamond-studded gifts in the United States will increase by 5% to 7% in 2011, China will increase by 20% to 22%, and India will increase by 20% to 24%. %. The company even said that there may be a shortage in the market. An official Alrosa spokesperson said that good financial conditions will enable the company to reduce debt, increase address exploration investment and modernize the geological complex. He said that the improvement in financial status will not affect the company's IPO plan. It is expected that the company will go public next year and sell 20% of the company's shares to get $3 billion. At present, the company's management is still preparing for the listing, but the company's owners (the government of the Russian Federation and the Yakutia government) have not yet decided to go public. The growth of financial indicators is not only the Alrosa company. According to Handelsblatt, the diamond market leader De Beers (which mines 35% of the world's diamonds) saw a 33% increase in revenue in the first half of this year, reaching $3.5 billion. In 2009, the company's mining volume was reduced by 90% and a third of employees were fired. In this way, the company for the first time in history has given up the top spot in the market to ALROSA. Goliainov predicts that if the market does not undergo deep adjustment, Alrosa's revenue in 2011 will reach 5 billion US dollars. He believes that negative factors cannot be ruled out. For example, in the past two weeks, India's 0.1 to 0.2 carat small grain diamond prices have fallen by 15%. The trend of the US labor market may also have a negative impact on the price of diamond raw materials. In addition, there are risks in China's economic overheating.
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