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

“Polyarniy Index” ranked ALROSA among top-5 companies with sustainable development

07 june 2018
ALROSA, the world’s largest diamond producer, entered the top-5 Russian companies with sustainable development, operating in the Arctic, according to the pilot rating program “Polyarniy Index”, jointly developed by the centre of expertise “PORA” (“Proektniy Office Razvitiya Arktiki”) and the Department of Environmental Economics of Lomonosov Moscow State University.
Image credit: ALROSA

“Polyarniy Index” has become the first specialized rating agency that rates the companies operating within the Russian Arctic.
The results of the first rating were presented to the Public Chamber of Russian Federation on World Environment Day, 5 June.
The methodology for calculating the rating is based on the theory of Sustainable Development, worked out under the aegis of the UN, as a universal model of development that works both for specific areas and institutions and for the world as a whole. Thus, sustainable development is perceived as a balance of its economic, ecological and social components.
At the first stage of ranking, the company’s sustainability index is calculated on an ad hoc method. It takes into account several parameters, divided into economic, social and ecological groups. At the second stage, the agency undertakes a survey in a form of a questionnaire. Experts assess the participating companies on a scale of 1 to 10 on three blocks of questions - economic, social and ecological. The questionnaire attempts to take into account the geographical specifics of the companies - the questions are about their operations in the Arctic conditions.       


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