Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

ALROSA has lodged no appeal to government regarding Sukhoi Log

18 august 2016
( – Russia-based diamond miner ALROSA is not so far mulling to take part in the auction for the Sukhoi Log gold field and has lodged no appeal to the government regarding this issue, reporters were told by Yury Trutnev, Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District overseeing the company.
“ALROSA has not submitted such matters to the government for consideration. If they come out with such a proposal, it will be discussed by the board of directors. Then we will form an opinion at the government and the board of directors. So far, this kind of proposal has not been discussed,” he said.
Asked about his personal position on the participation of ALROSA in the Sukhoi Log deal and the company’s diversification into gold mining business, Yury Trutnev said: “There are two very different ways [for the development of companies – IF]. There are single-business companies and they have a number of advantages. (There is also the way of diversification). In my opinion, both are possible. I don’t know which is the right one, as I am not occupied with the company in such a detail.”
Sukhoi Log is one of the world's largest gold deposits. According to Russia’s State Balance of Mineral Reserves, Sukhoi Log contains 1,953,000 tonnes of prospective gold reserves in the B+C1+C2 categories and 1,541,000 tonnes of prospective silver reserves, as well as 799 tonnes of off-balance gold reserves. This gold field has a potential to increase its resource base, as its projected gold resources belonging to the P1+P2 categories reach 1,015,000 tonnes.
The Russian authorities have been discussing an auction for Sukhoi Log for many years. The process intensified last year.