High-tech trend is most promising for industries using diamonds

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT...

25 february 2020

Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

ALROSA Supervisory Board approves withdrawal from ALROSA-Nyurba by way of its voluntary liquidation

12 september 2019

alrosa_logo.jpgAt the absentee voting on September 10, the ALROSA Supervisory Board approved withdrawal from the share capital of PJSC ALROSA-Nyurba by voluntary liquidation of the company. Consolidation of core assets on the ALROSA’s balance sheet aims at improving efficiency of their management.
In the nearest future, the matter of voluntary liquidation will be submitted for consideration to the Board of Directors of ALROSA-Nyurba, and then to the company’s Extraordinary General Meeting of Shareholders, that may take place in early November.
The company will be liquidated in strict compliance with legal requirements with the process expected to be completed by the end of 2020. According to the law, upon the completion of settlements with creditors, the remaining funds of the liquidation fund of ALROSA-Nyurba will be distributed among the shareholders in proportion to their stakes in the company’s share capital.
Today, PJSC ALROSA holds a 97.4878% stake in ALROSA-Nyurba. The remaining 2.5122% of shares belong to minority shareholders. The shares of ALROSA-Nyurba are quoted in the open market (the equities market of the Moscow Exchange). The company’s 2018 revenue amounted to RUB 44 billion, net profit – to RUB 16.6 billion.
ALROSA-Nyurba holds two subsoil licenses (Botuobinskaya and Nyurbinskaya pipes), however it is not directly engaged in any mining operations. The whole production cycle – from geological exploration, mining and rough diamond processing to sorting, presales preparation and subsequent sales – is carried out on contract terms by ALROSA’s business units. ALROSA-Nyurba currently employs 30 people, most of whom are management staff.