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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...

Today

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...

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

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

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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...

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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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