Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

ALROSA increased physical sales in H1 2107

20 october 2017

This was announced yesterday by the company's president Sergey Ivanov at a meeting with Deputy Prime Minister Yury Trutnev in Yakutsk, according to a statement released by the press service at the Head of the Republic of Sakha (Yakutia). The increase was possible due to an improved situation in the diamond market in the first half of 2017.
Touching upon the measures to support the Russian diamond-cutting industry, Yury Trutnev said that this could be done at the expense of a portion of ALROSA's dividends, an issue to be analyzed with a view to reduce their amount and carry out these measures at this expense. At the same time, he noted that the government does not plan to support the manufacturing sector at the expense of ALROSA as such. "We do not want the company to reduce the efficiency of its activities, thereby developing other industries," Trutnev said, noting that the support given to the diamond cutting industry pursues the aim to increase the added value from diamond processing in Russia, in particular in Yakutia and the Far East.
According to the press service statement, ALROSA Group boosted diamond output by 2.4 million carats in the first half of 2017 versus one year ago in line with the Group’s production targets. The Group’s operations decreased their overall debt burden by 40.7% in the period under review.
ALROSA Group’s strategic action plan for 2017 covers such areas as the reorganization of the company's housing and communal services and its diamond manufacturing operations, as well as the development of its mineral resource base in the most promising areas of Yakutia. In addition, ALROSA is working on a Concept for the Development of the Aikhal Mining Division for a long-term perspective.
The meeting was also attended by Yegor Borisov, Head of Yakutia; Alexander Osipov, First Deputy Minister of the Russian Federation for the Development of the Far East; and Alexey Moiseev, Deputy Finance Minister of the Russian Federation.

Theodor Lisovoy, Rough&Polished, Moscow


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