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27.10.2014
ALROSA geologists exploring Africa for diamonds
victor_ustinov_preview.jpgViktor Ustinov is Doctor of Geological and Mineralogical Sciences and Deputy Director of the Geological Research and Exploration Unit at ALROSA in charge of the New Areas Evaluation Department (Saint Petersburg). In his interview to Rough&Polished he told about his recent business trip to Africa.

20.10.2014
AWDC regrets seizure of Zim diamonds, but says not involved in the matter
margaux_donckier_preview.jpgAbout 500 000 carats of Zimbabwean diamonds worth about $45 million that were on sale last month at the Antwerp World Diamond Centre (AWDC) were first attached by Amari Platinum before the Belgian court reversed the seizure, pending a court ruling, which is expected anytime soon. A group of white former commercial farmers also attached the same diamonds on the basis of an International Centre for Settlement of Investment Disputes arbitration award against the Zimbabwean government to compensate the ex-farmers. As the legal battle rages on, the voice of AWDC had been silent and Rough&Polished’s Mathew Nyaungwa sought a comment from the centre’s spokesperson Margaux Donckier, who said they regret the seizure. However, AWDC was quick to point out that they were not involved in the matter. Donckier also commented on the recent closure of the Antwerp Diamond Bank.

13.10.2014
Interaction with clients is a key to understanding what they want and what they need
varuna_jani_preview.jpgVaruna D Jani, an award-winning jeweler ahead of her time, understands that it’s not only about investing but there is also a need of styling and personalization of jewellery. She is known more as an ‘adornologist’ than a ‘jewellery designer’. Belonging to a jeweller family, Varuna imparts knowledge and gives her recommendations on jewelry that suit individual personality. In an interview with Rough&Polished, Varuna revealed her passion for jewellery designing even as a child and her initiation into the business eventually.





ALROSA kicks off its first round of e-commerce selling rough diamonds

06.07.2011

On July 5, the Market Council of Russian diamond miner ALROSA summed up the results of an experimental round of online rough diamond sales. According to the company’s press release received by Rough&Polished, the auction was held for market participants on a specialized electronic platform at direct invitations from ALROSA in accordance with the effective corporate rules for rough diamond auctions.
The first electronic auction put up for sale 108 lots of standard boxes under the current stock list of ALROSA. The diamond miner invited 30 foreign and Russian companies to take part in bidding.
The trading session resulted in approximately $11 million worth of sold goods.
The Market Council considered the experimental auction successful. From the fourth quarter of this year, after fine-tuning the software, outlining the schedule and specifying the notification and participation procedures for buyers of rough diamonds, e-auctions will be carried out on a regular basis.
In 2010, ALROSA produced 34.3 million carats of diamonds worth $2,180 million. The ALROSA Group sold a total of 3,483.6 million worth of diamond goods last year, a record amount in the company’s history.

Rough&Polished

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