The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

Yesterday

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 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