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In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

Today

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 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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