ALROSA informs on the situation regarding the next coupon payment under Eurobond 2027

PJSC ALROSA (the Company) provides the following update on the coupon payment of $7,750,000 due 25 June 2022 on $500,000,000 Eurobonds issued by Alrosa Finance S.A. (Luxembourg) (the Issuer) and maturing in 2027.

Yesterday

Pandora casts out its net in Portugal

Pandora takes over 34 locations from its distributor Visão do Tempo to assume full ownership of its Portuguese business.

Yesterday

Zero VAT will turn diamonds into yet another investment vehicle within Russia

According to media reports from the Cheboksary Economic Forum, Deputy Finance Minister Alexei Moiseev, who is attending the forum, said that the government of the Russian Federation approved the introduction of a zero VAT rate on rough and polished diamonds...

Yesterday

Russian gold arrives in Switzerland

In May, Switzerland imported a cargo of gold from Russia for the first time since Russia launched a special military operation in Ukraine, which is evident from the published Swiss customs data, according to a report by Reuters.

Yesterday

WDC President calls on the KP to move forward or risk a two-tier market with dire consequences

Highlighting the proven ability of natural diamond resources to serve as a driver for the development of sustainable economies and societies, World Diamond Council President Edward Asscher warned that this potential is threatened if the Kimberley Process...

23 june 2022

The Man Who Keeps Talking About Russian Diamonds

20 june 2022

(jckonline.com) - Continuing my resolution to speak to more people I don’t entirely agree with, I was happy to chat at JCK Las Vegas with Tom Neys (pictured), head of media relations for the Antwerp World Diamond Centre (AWDC).

Since joining the Belgian industry group in November, Neys has had the unenviable task of trying to convince the world that, post-Ukraine invasion, Belgium should keep importing Russian diamonds. (Russian gems have been excluded from European Union, though not U.S., sanctions.)

I doubt our spirited conversation changed either of our minds, but his thoughts on a rating system for diamonds—reminiscent of the once-unpopular KP Plus—was intriguing.

Edited highlights of our talk follow.