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.

10 december 2018

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

ALROSA’s Board approves new dividend policy and recommends 6M 2018 interim dividends of at least RUB 5.93 per share

07 august 2018
The Supervisory Board of ALROSA, the world’s largest diamond producer, on 6 August 2018 approved Financial Policy, the new Dividend Policy, and made a preliminary recommendation for the General Meeting of Shareholders to pay 6M’18 interim dividends.
In line with the new dividend policy, dividends will be paid twice a year (for the first six months and for twelve months of the year, net of dividends for the first six months paid previously). Previuosly, dividends were paid once a year based on the Company’s annual results.
The Company has decided to use free cash flow (FCF ) representing the operating cash flow net of capital expenditure as a new basis for calculating dividend payments.
The Supervisory Board, when recommending dividend payout, shall be guided by the level of Net Debt2 / EBITDA3 ratio.
The Supervisory Board made a preliminary recommendation for the General Meeting of Shareholders to pay dividends based on the Company’s 6M 2018 results of at least RUB 5.93 per share, or 70% of free cash flow based on the IFRS financials planned to be published on 24 August 2018.
ALROSA’s Financial Policy outlines key approaches to short-, medium- and long-term liquidity management.
Pursuant to the Financial Policy, the Company plans to keep the target Net Debt / EBITDA ratio between 0.5x and 1.0x in the medium- and long term.