ALROSA elects new Supervisory Board

Annual General Meeting of ALROSA Shareholders elected the new Supervisory Board on Wednesday, June 26.

Today

Botswana courts Surat diamond manufacturers

Botswana, which is the second largest diamond producer in the world after Russia, has invited Surat diamond manufacturers to scout for business opportunities in the country.

Today

ALROSA to allocate 100% of free cash flow for second half-year of 2018 for dividends

Annual General Meeting of Shareholders of PJSC ALROSA decided to allocate 100% of free cash flow for the second half-year of 2018 for the period-end dividend – RUB 30.3 billion.

Yesterday

De Beers diamond sales continue to weaken

De Beers’ diamond sales continued on a downward trajectory as demand remains weak, while supply for smaller and cheaper stones, is high putting pressure on polished prices.

Yesterday

India’s cut and polished diamond exports down by 15.12% in May

India’s exports of cut and polished diamonds decreased by 15.12% year-on-year during the month of May 2019 according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Yesterday

U.A.E., 9 Other Jurisdictions Added to EU Tax-Haven Blacklist

27 march 2019
(Bloomberg) - European Union finance ministers agreed to add 10 countries to a blacklist of alleged tax havens, including the United Arab Emirates and Bermuda, despite last-minute push-back by some EU nations. The agreement means the list will now have 15 jurisdictions, triple the number of what it had before the review. It comes just over a year after the EU agreed to “name and shame” a small number of nations as part of its efforts to fight opaque practices that facilitate tax avoidance by multinationals and individuals.