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Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

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WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

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07 september 2020

Indian diamond industry looks for recovery options

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31 august 2020

Zharkov: Chinese investors willing to take part in ALROSA's privatization

20 may 2016

(TASS from Hong Kong) - Chinese investors are interested in the privatization of ALROSA's shares, the president of the company Andrey Zharkov told reporters. The Government of Russia plans to privatize 10.9% of ALROSA's shares.
"During the working visit of Yuri Trutnev, Deputy Prime Minister of the Russian Federation and the presidential envoy in the Far East, we made a presentation of ALROSA to Chinese investors. Recently, the government decided to privatize a 10.9-percent stake of ALROSA this year. What we've been doing here is something like a 'non deal road show' presentation for company. We see the potential interest from Chinese investors, who may possibly acquire ALROSA's shares," – Zharkov said.
According to ALROSA, this meeting was quite informative and was aimed at raising awareness of the company, to identify investors' appeal and to learn its scale.
"We're seeing interest. We will continue to have bilateral meetings with investors organized by the Russian government advisers, and will consult on the privatization scheme of ALROSA," – Zharkov added.
He did not name specific Chinese companies which have shown interest in the privatization of ALROSA, adding that Chinese investors will discuss more specific parameters of the privatization deal with government representatives.
At the same time, according to the president of the company, it is likely that the government will not sell a package to a single investor. "It's still a public offering. During the public offering investors indicate their demand for a certain amount of shares. I don't think it's strategic investors. But we haven't discussed these details today. Our task is to hold the right marketing, to tell investors about the company ", - said Zharkov.
ALROSA is the world's largest company in terms of diamond production. It's engaged in exploration, extraction, production and sale of diamonds. Production is carried out on the territory of the Republic of Sakha (Yakutia) and the Arkhangelsk region.
The largest shareholders of ALROSA are the Russian Federation (44%), the Republic of Yakutia (25%), and ulus of Yakutia (8%). The free float of the company is 23%.