“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

Yesterday

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

The head of ALROSA reduces his stake in the company

11 january 2019
(TASS) - Sergey Ivanov, ALROSA’s CEO has reduced his stake in the company to 0.0068% from 0.0272%, according to the notification issued by the diamond miner. It is noted that the change occurred on the 11th of January 2019.
ALROSA is the world's largest diamond producer. The company is mining diamonds in the Republic of Sakha (Yakutia) and in the Arkhangelsk Province. In 2017, ALROSA Group produced 39.6 million carats of diamonds. The Group earned $ 4.2 billion from rough sales and $ 96.9 million from polished sales.
The company's shareholders are the Russian Federation represented by the Federal Property Management Agency - 33.02%, the Republic of Sakha (Yakutia) - 25%, Yakutia’s uluses (municipalities) - 8%. ALROSA’s free float stands at almost 34%.