African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

Yesterday

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

ALROSA to allocate 100% of free cash flow for H1 dividends

02 october 2019

alrosa_logo.jpgThe Extraordinary General Meeting of Shareholders of PJSC ALROSA held on 30 September 2019 decided to pay dividends for the first half of 2019 in the amount of 28.3 billion rubles or 3.84 rubles per share. Therefore, the company will allocate 100% of its free cash flow for the corresponding period to pay out dividends.
Six months dividend yield will be at around 5%. The record date is 14 October 2019.
In June 2019, ALROSA’s Supervisory Board approved a new version of the company’s Dividend Policy, with the methodology for determining the amount of dividends updated as follows: if the Net Debt / LTM EBITDA ratio as at the end of the first half of the year or as at the end of the year is within the range of 0.0 to <0.5x, the semi-annual dividend payout ratio is 100% of the FCF for the respective half of the reporting year, but not less than  50% of IFRS net profit.