Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

IIDGR’s proprietary technology gives polished diamonds unique identity

The International Institute of Diamond Grading & Research (IIDGR), a unit of the global diamond giant, De Beers, grades natural stones and is also using its proprietary inscription technology to inscribe a unique identification on tables of each...

07 november 2017

In future, only those who offer innovative designs will survive

A science graduate from Madras University, Srinivasan's one-man venture with just 10 employees launched in 1984 has now grown into the present Emerald Group, in about 3 plus decades. The Group from Southern India is one of the largest jewellery manufacturing...

30 october 2017

Conditions are still very difficult - Ernie Blom

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa...

23 october 2017

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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