Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

ALROSA has started negotiations to refinance $ 600-700 million this year

27 may 2016
(INTERFAX.RU) - ALROSA is negotiating a deal to refinance this year $ 600-700 million of debt maturing in 2017, according to what Interfax was told by a market source familiar with the company's plans.
The most convenient option for ALROSA is an extension of one of the loans, he said. Its redemption is planned to be transferred to 2019.
In 2017, ALROSA is to pay off bank loans totaling $ 1.09 billion. This year, the company closed all the commitments, having discharged a $ 350 million debt to Alfa-Bank with its own money. As a result, ALROSA’s loans and borrowings decreased to $ 2.7 billion.
In mid-March, ALROSA announced its intention to refinance $ 500-600 million of debt maturing in 2017 in the second half of this year.
According to ALROSA’s statement for the first quarter of 2016, its main creditors are Alfa-Bank (to which it owed RUB 78 billion at the end of Q1, without taking into account the repaid $ 350 million), VTB (RUB 44.33 billion) and UniCredit Bank (RUB 26.97 billion).
ALROSA's net debt at the end of 2015 amounted to $ 2.781 billion. The ratio of its total debt to EBITDA is 1.9x.