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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

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 
 

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