ALROSA unearths a yellow 17.4 ct diamond at its new Verkhne-Munskoye deposit

ALROSA has recovered a 17.44-carat diamond at the Verkhne-Munskoye deposit for the first time since the beginning of its operations.

Yesterday

Star Diamond provides update regarding option to JV with Rio Tinto Exploration Canada Inc.

Star Diamond Corporation announced that, following a review conducted by Star Diamond’s special committee with assistance from the special committee’s independent legal counsel, Star Diamond has notified Rio Tinto Exploration Canada Inc. (RTEC)...

Yesterday

Sergey Eroshkin appointed new CEO of Bourevestnik

Sergey Eroshkin will become the new CEO of the Bourevestnik Innovation Center, ALROSA subsidiary, effective from February 15, 2020.

Yesterday

Star Rays aspires to become India’s first carbon-neutral diamond company

Indian diamond manufacturer Star Rays may be the first India’s first carbon-neutral diamond company in the country, because of its commitment to sustainable business practices.

Yesterday

Young Indians embrace platinum as a symbol of modern love and self-expression

While traditionally a market for gold jewellery, India has developed a strong appetite for platinum over the past decade.

Yesterday

Jeweler De Grisogono Allegedly Funded by Shell Companies Laundering Angolan Government Money

23 january 2020

(jckonline.com) - Swiss fine jewelry brand de Grisogono has allegedly been a part of a complicated, long-running money-laundering scheme that’s redirected Angolan government funds into shell companies owned by one family. According to the International Consortium of Investigative Journalists, which shared more than 700,000 supporting documents it obtained with The New York Times, Isabel dos Santos—Africa’s richest woman and the daughter of Angola’s former president, José Eduardo dos Santos—and her husband, Sindika Dokolo, funded de Grisogono and roughly 400 other companies through a series shell companies based in Luxembourg, Malta, and the Netherlands. These companies fleeced the people of poverty-stricken Angola of more than a billion dollars over several years.