GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

ALROSA’s revenue up 9% in 2018 despite a drop in sales in carats by 8%

15 march 2019

ALROSA, the world’s leader in diamond mining, announces its IFRS financial results for 2018.
The company’s revenue during 12 months of 2018 increased by 9% to RUB 300 bn driven by higher price index and a better sales mix, despite an 8% lower sales in carats.
EBITDA grew by 23% to RUB 156 bn supported by top line growth and cost control while EBITDA margin expanded by 6 p.p. to 52%. Net profit grew to RUB 90 bn (up 15%) on stronger profitability. Free cash flow went up by 26% to RUB 92 bn following profitability expansion despite moderate capex growth. Net debt to EBITDA was at 0.4x in 2018 compared to 0.7x in the previous year.
In Q4 2018 ALROSA’s evenue decreased by 12% q-o-q to RUB 61 bn, mainly due to sales mix change with increased sales of industrial diamonds. A 1% y-o-y growth was due to increase in average selling price offsetting lower sales in carats. EBITDA in Q4 declined by 33% q-o-q to RUB 27 bn as revenue declined. On a y-o-y basis, EBITDA remained unchanged while EBITDA margin in Q4 remained flat at 44%.
Free cash flow (FCF) decreased to RUB 14.3 bn (down 11% q-o-q) as operating cash flow was 14% down q-o-q, while capex was down 20% q-o-q. On a y-o-y basis, FCF grew by 22% due to a 18% drop in capex, and 6% growth in operating cash flow. Net profit in Q4 declined to RUB 8 bn (down 67% q-o-q) due to a weaker EBITDA. A 53% reduction y-o-y was attributable to the recognition of income from the SOGAZ insurance reimbursement as other operating income for 2017, with the said reimbursement paid in full in 2018.