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

Raex (Expert RA) confirms the rating of Almaznaya Osen at ‘ruAA’

06 june 2018
Russian rating agency RAEX (Expert RA) confirmed the financial stability rating of non-state pension fund Almaznaya Osen, ALROSA’s subsidiary, at ‘ruAA’ level due to “a high level of creditworthiness/ financial viability/ financial sustainability compared with other companies being assessed in the Russian Federation.” The outlook for the rating is stable.
Raex (Expert Ra) has highly assessed the quality of assets in which pension savings and reserves are invested as well as internal funds: on 31 March, 2018, more than 91% of the assets in which pension savings were invested, 82% - pension reserves and 81% - internal funds account for highly liquid and solid investments, having been rated by RAEX (Expert RA) at 'ruA' level and more or similar levels of other agencies. High quality and diversification of the assets have positively influenced the rating.
Other contributing factors include the increase of pension funds (+35.9%), a high level of informational transparency and a high organizational level of the risk management at the Fund.
“Following the investment activities for the last three years, the Fund demonstrates high profitability from the placement of pension resources (36.8%) and pension funds (42.2%). Besides, on 31 March, 2018, a high amount of average non-state pension benefits (808.5k roubles) and mandatory pension insurance (102.3k roubles) had a positive impact on the rating,” said Darya Guschina, the lead analyst at RAEX (Expert RA).
According to RAEX (Expert RA), on 31 March, 2018, the total pension accruals of Almaznaya Osen were 3.4 bn roubles, while the total pension reserves reached 19.5 bn roubles.