“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

In the coming years ALROSA will be able to pay more than 50% of net income in dividends

10 july 2018
sergey_ivanov_x.jpgALROSA CEO Sergey Ivanov in exclusive interview to NTV said that the company in the coming years will be able to pay in dividends more than 50% of the net income under IFRS and expressed confidence that this index will be growing. According to him, ALROSA is one of the biggest taxpayers in Russia as tax revenues for the federal budget and the budget of the Republic of Sakha this year will be up 70 bn rubles.  
He also said that the average salary of the employees is about 120,000 rubles per month, which is a very attractive level of salary in Russia. Further, he talked about social programs, realized by ALROSA, noting that the company invests about 10 bn rubles in social projects. One of such projects is a rehabilitation center near Yakutsk where about 3,000 children with disorders of the musculoskeletal centres and visual and hearing impairments are able to study.
The head of ALROSA also said that the company will be able to take part in privatization of “Kristall” Smolensk, the largest diamond producer in the country, if the assessment, provided by the Federal State Property Management Agency, satisfies the company.
Talking about the unique pink 28-carat diamond, Sergey Ivanov disclosed that ALROSA intends to sell it for about $500,000 per carat. He noted that the stone was of no interest for Gokhran, the government and that the company has a number of other unique stones.

Victoria Quiri, Rough&Polished