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Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

William Lamb: Lucara now knows best routes to market large stones

Lucara Diamond recently announced that Graff Diamonds had bought its 1,109 carat diamond Lesedi La Rona for $53 million. The stone, which is the world’s second largest diamond found since the discovery of the 3,106-carat Cullinan diamond in 1905, failed...

09 october 2017

GSI was the first in the world to begin testing of smaller size diamonds in bulk and has never looked back since - Mark Gershburg

With more than 30 years of experience in the gem lab sector under his belt, Mark Gershburg is an industry veteran widely popular in the global gem and jewelry industry. He began his career in 1980 as a grader but his professionalism, creativity, and...

02 october 2017

Gaetano Cavalieri: Over the long term, demand for diamonds is likely to grow at a steady pace

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

25 september 2017

“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Russia’s Finance Ministry does not deem it possible to launch a new float of ALROSA in 2017

17 february 2017
(rns.online) – It is impossible to have another round of privatization for ALROSA in 2017, Alexey Moiseev, Deputy Minister of Finance said on Thursday.
"Not this year, for sure. There should be an agreement with the other shareholder (the Republic of Sakha - RNS). We have always said that the sale of the federal stake above 10.9% is impossible. On the part of the Russian Federation, we have now sold just enough to reach this level. Any further reduction of our shareholding will be done in parallel with Yakutia," he said.
According to Alexey Moiseev, the negotiations between the Federal Property Management Agency and the Republic of Sakha has not yet begun.
"I do not see any possibility this year. If it will occur, it will be later," he said.
The privatization of the 10.9% stake in diamond miner ALROSA was completed on July 11, 2016. ALROSA’s President Andrey Zharkov called this floating operation satisfactory and stressed that he saw no need for further privatization.
Last December, Yegor Borisov, the head of Yakutia told RNS that he did not see any need for further privatization of ALROSA either. He noted that additional floating of the Russian Federation’s 8-percent stake in ALROSA was not discussed with the Republic of Sakha (Yakutia). The head of Yakutia reiterated the position that the republic will keep its stake of 25% plus one share, and its uluses (municipalities) will preserve their 8%.
"We believe that today the company is operating quite well. From the point of view of the company’s efficiency ... there is no need to do this. Privatization is generally a way to find an efficient owner," he said.
However, the privatization plan for 2017-2019 received by the RNS news agency in early February 2017 included ALROSA among other companies.


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