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

“We'll only work with mines and suppliers that can prove full and unquestionable traceability”, assures David Zabinsky, CEO, TRIGEM

Armed with a Bachelor of Science in Government & Legal Studies, and Spanish from Bowdoin College (Maine, USA), a multi-faceted professional, David Zabinsky has both international public and private sector experience, most recently managing an...

06 november 2018

The diamond market sentiment is cautious at the moment, especially in Europe

Born in Switzerland, Angelika Mavridou relocated to Thessaloniki (Greece) with her family, only to establish her own business JEWELLS GALLERY LTD, which was later transformed to S.A. Prior to venturing into her own business, she studied Gemology...

29 october 2018

Zimnisky talks about pink diamonds, De Beers’ Lightbox

An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva...

22 october 2018

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

ALROSA’s Mir mine will not be restored in the next two years

09 november 2018
The projected capex of ALROSA for 2019 and 2020 does not include funds for possible restoration works at the Mir diamond mine, as the decision to restore it has not yet been made, according to SakhaNews news agency citing TASS.
“Yes, we confirm our current vision of the company’s total capex for 2019 and 2020 in the amount of 26 and 28 billion rubles respectively. I draw your attention that these figures do not include any investments related to possible restoration of the Mir mine, the decision on which has not been made so far,” said Alexey Filippovsky, Deputy CEO of ALROSA at a telephone conference call, according to the news agency.
The Mir kimberlite pipe was discovered in 1955 and then it was developed as an open-pit mine until 2001. The Mir underground mine was commissioned in August 2009 in the presence of Vladimir Putin, the then Prime Minister of the Russian Federation. ALROSA spent 22 billion rubles for the construction of the underground mine. Its capacity was 1 million tons of ore per year. The company planned to continue mining operations at Mir for more than 30 years. However, mining at Mir stopped in August 2017 due to an accident that led to its flooding.
Nikolai Pokhilenko, Director of the Sobolev Institute of Geology and Mineralogy at the Siberian Branch of the Russian Academy of Sciences noted at one time that the residual reserves of diamonds at Mir are very large, its ore is rich, and the recovery makes economic sense, since ALROSA has not so many diamond deposits of this class. Vladimir Dyukarev, who held the position of First Vice President - General Director of ALROSA from 1995 to 2002, also spoke in favor of restoring the Mir mine.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg