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Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 may 2018

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

23 april 2018

Russia has no plans to privatize remaining ALROSA stake

12 february 2018
The sale of ALROSA's stock belonging to the Russian Federation and the Republic of Yakutia is not currently being discussed, said the President of ALROSA Sergey Ivanov in an interview with Kommersant last week.
"As far as I know, there is no preparation (of ALROSA privatization) done at this stage," Ivanov said. "And the shareholders themselves must decide how they will sell stakes, in parity or not – we, as management, do not participate in making this decision".
Also, according to him, at the moment there is no sense to sell a stake in the company.
"I said before that I do not see any reason to sell now: there is a great potential for development, everyone understands this," Ivanov said.
Meanwhile, Ivanov noted that, according to the latest research, about 30% out of ALROSA's 34% free-float belongs to large institutional investors, and the rest is owned by individuals. Also, investors who own more than 10 million shares of the company now hold more than 25% of the company's stock, which indicates a stable investor base, Ivanov concluded.

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