An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

High technologies make it possible to create a product that can be obtained in natural stones only for very big money

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...

08 october 2018

The once unorganised domestic jewellery sector in India is now growing

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...

01 october 2018

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...

24 september 2018

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

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.