Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

ALROSA increased physical sales in H1 2107

20 october 2017

This was announced yesterday by the company's president Sergey Ivanov at a meeting with Deputy Prime Minister Yury Trutnev in Yakutsk, according to a statement released by the press service at the Head of the Republic of Sakha (Yakutia). The increase was possible due to an improved situation in the diamond market in the first half of 2017.
Touching upon the measures to support the Russian diamond-cutting industry, Yury Trutnev said that this could be done at the expense of a portion of ALROSA's dividends, an issue to be analyzed with a view to reduce their amount and carry out these measures at this expense. At the same time, he noted that the government does not plan to support the manufacturing sector at the expense of ALROSA as such. "We do not want the company to reduce the efficiency of its activities, thereby developing other industries," Trutnev said, noting that the support given to the diamond cutting industry pursues the aim to increase the added value from diamond processing in Russia, in particular in Yakutia and the Far East.
According to the press service statement, ALROSA Group boosted diamond output by 2.4 million carats in the first half of 2017 versus one year ago in line with the Group’s production targets. The Group’s operations decreased their overall debt burden by 40.7% in the period under review.
ALROSA Group’s strategic action plan for 2017 covers such areas as the reorganization of the company's housing and communal services and its diamond manufacturing operations, as well as the development of its mineral resource base in the most promising areas of Yakutia. In addition, ALROSA is working on a Concept for the Development of the Aikhal Mining Division for a long-term perspective.
The meeting was also attended by Yegor Borisov, Head of Yakutia; Alexander Osipov, First Deputy Minister of the Russian Federation for the Development of the Far East; and Alexey Moiseev, Deputy Finance Minister of the Russian Federation.

Theodor Lisovoy, Rough&Polished, Moscow