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...


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

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

Raex (Expert RA) confirms the rating of Almaznaya Osen at ‘ruAA’

06 june 2018
Russian rating agency RAEX (Expert RA) confirmed the financial stability rating of non-state pension fund Almaznaya Osen, ALROSA’s subsidiary, at ‘ruAA’ level due to “a high level of creditworthiness/ financial viability/ financial sustainability compared with other companies being assessed in the Russian Federation.” The outlook for the rating is stable.
Raex (Expert Ra) has highly assessed the quality of assets in which pension savings and reserves are invested as well as internal funds: on 31 March, 2018, more than 91% of the assets in which pension savings were invested, 82% - pension reserves and 81% - internal funds account for highly liquid and solid investments, having been rated by RAEX (Expert RA) at 'ruA' level and more or similar levels of other agencies. High quality and diversification of the assets have positively influenced the rating.
Other contributing factors include the increase of pension funds (+35.9%), a high level of informational transparency and a high organizational level of the risk management at the Fund.
“Following the investment activities for the last three years, the Fund demonstrates high profitability from the placement of pension resources (36.8%) and pension funds (42.2%). Besides, on 31 March, 2018, a high amount of average non-state pension benefits (808.5k roubles) and mandatory pension insurance (102.3k roubles) had a positive impact on the rating,” said Darya Guschina, the lead analyst at RAEX (Expert RA).
According to RAEX (Expert RA), on 31 March, 2018, the total pension accruals of Almaznaya Osen were 3.4 bn roubles, while the total pension reserves reached 19.5 bn roubles.  


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