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Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

ALROSA to pay almost 38.6 billion rubles for dividends following 2017

27 june 2018
ALROSA Shareholders approved the annual report and financial statements during the Annual General Meeting of Shareholders held on June 26. Shareholders also made decisions on profit distribution for 2017. 38.59 billion rubles are to be paid as dividends, namely 5.24 rubles per one ordinary share at a nominal price of 50 kopecks.
According to the consolidated financial statements of PJSC ALROSA and its subsidiaries prepared in conformity with IFRS Standards, the net profit, net of income attributable to the non-controlling interest, amounted to 77.075 billion rubles in 2017. 50.07% of this sum will be allocated for payment of dividends.
The list of shareholders entitled to receive dividends for the year 2017 is drawn up as of July 14, 2018.
The amount of ALROSA dividends following 2017 has become one of the largest in the history of the company and gives place only to dividend payments for 2016 (65.8 billion rubles).

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