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 Q1 2019 IFRS results are down on a y-o-y basis

17 may 2019

alrosa_logo.jpgALROSA, the world’s leader in diamond mining, announces its IFRS financial results for Q1 2019.
Revenue declined by 27% on a year-on-year basis to RUB 70 bn owing to a higher share of small-size rough gem diamonds in sales and lower sales in carats (down 21% y‑o‑y).
However, compared to the previous quarter the revenue increased by 15% due to the 18% increase in sales volumes. The sales exceeded production by 35% due to increased sales of smaller-size diamond from inventories as polishers’ restocked early in 2019.
On a y‑o‑y basis, EBITDA decreased by 34% as revenue declined.
Free cash flow went down by 37% to RUB 26 bn, mainly due to a 35% y-o-y decrease in operating cash flow, despite capex going down by 20% y-o-y due to launch of Verkhne-Munskoye deposit.
Compared to the Q4 2018 it went up by 81% to due to a 40% higher operating cash flow q-o-q and a reduction in capex (down 45% q-o-q). Net profit amounted to RUB 24 bn, a 27% on a yearly basis due to lower revenue. It showed growth compared to the previous quarter because of, among other things, the low base of the Q4 2018 net profit (due to one-off factors, including impairment) and the growth in EBITDA. EBITDA margin remained flat q-o-q at 44% (down 5 pp y-o-y).