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 estimates the restoration of the Mir mine at 73 billion rubles

06 june 2019

ALROSA said that the restoration project of the Mir underground mine in Yakutia may cost about 73 billion rubles, according to Interfax.
As per the report, the operations at the mine, which was flooded in 2017, may be resumed by 2031-32, and the IRR of the project will amount to 18.3%. The company’s presentation on the mine’s restoration says that, with a production of 1.3 million tons of ore per year ALROSA can mine 3.8 million carats of diamonds. 

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Image credit: ALROSA


“If a decision is made on the expediency of restoring the Mir underground mine, its construction, according to preliminary estimates, will take 6-8 years,” the agency quoted ALROSA representatives as saying.
The company has also allocated about 2 billion rubles, which was included in the investment program for 2019, for additional exploration of deep horizons at the level of -1,300 meters in order to confirm reserves.
The company also announced that it could start mining diamonds at the Jubileiny underground mine no earlier than 2032. Mine reserves are estimated at 43.2 million carats. The mine can produce 2.3 million carats per year. The launch of the mine may cost approximately 72 billion rubles, and the IRR of the project will be more than 20%, the EliteTrader says.

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