Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

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...

20 august 2018

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

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