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...

Yesterday

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

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

President of Russia had a meeting with Sergey Ivanov, CEO of ALROSA

13 february 2018

Russian President Vladimir Putin had a meeting with Sergey Ivanov, CEO of ALROSA in Novo-Ogaryovo on Tuesday.

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Image credit: kremlin.ru

During the meeting, Sergey Ivanov told the head of state about the company's performance in 2017. According to the CEO of ALROSA, the company reached a record level of diamond production at the end of the year. "Such an output was last recorded in 1990. We extracted almost 40 million carats of diamonds," Sergey Ivanov said.
Answering the question about the company's plans, Sergey Ivanov told about the launch of the Verkhne-Munskoye diamond field scheduled for the fourth quarter of this year, as well as about ALROSA's plans to develop one of the world's largest diamond deposits, Luaxe, located in the Republic of Angola.
According to Sergey Ivanov, the company pays great attention to introducing innovative technologies, reducing costs, as well as import substitution programs. "We are using domestic oils and lubricants, we have switched over to domestic pumps and replaced some part of American special equipment, Caterpillar trucks, with Belarusian BelAZs," Sergey Ivanov said.
ALROSA’s CEO informed Vladimir Putin about the reasons of the accident at the Mir underground mine last August and how its consequences are being eliminated. Particular attention was paid to providing new jobs for the workers of Mir.
"I would like to inform you that we have already managed to employ over 700 people within the ALROSA Group in the course of four months that we have been dealing with this task. Several hundred people, who came to work from other regions, preferred to receive a substantial severance pay and returned to the regions from which they came to work. Now we have about 50 people, whose employment remains open to question. At the same time, we have more than 350 vacancies in the company's vacancy bank, so we will definitely solve this problem," Sergey Ivanov said, adding that the industrial safety system in ALROSA is currently being seriously restructured.
He noted that all the families of the dead miners are provided with insurance payments, compensation from the company and payments from the budgets of the constituent entities.
The CEO of ALROSA stressed that, despite the shutdown of the Mir mine, the company remains the world’s leader in diamond mining, outperforming its closest competitors quite significantly. "The accident will certainly affect the company's production in the coming years, but at the same time we will retain our leading positions," Sergey Ivanov assured the President.
During the meeting, ALROSA’s CEO showed to Vladimir Putin two unique colored diamonds mined by ALROSA last year: a pink diamond weighing 27.85 carats and a yellow diamond weighing 34.17 carats. According to Sergey Ivanov, these are the most expensive diamonds produced in the history of diamond mining in Russia and in the Soviet Union.