Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

ALROSA holds trading session for ALROSA ALLIANCE updated members’ list

31 january 2020

alrosa_logo.jpgALROSA held a special trading session in January for an updated list of ALROSA ALLIANCE participants, the company said.
In January 2020, 15 new participants were included in ALROSA ALLIANCE, as a result their total number increased to 76. New ALROSA ALLIANCE members include 4 jewelry companies and 11 clients specializing in industrial rough diamonds.
The company also said that meeting the requirements of ALROSA ALLIANCE is an essential condition for companies wishing to become ALROSA’s long-term clients.
Yesterday the company reported that international diamond manufacturer Dali Diamond, one of ALROSA’s long-term clients, signed a loan agreement with EXIMBANK OF RUSSIA (part of the Russian Export Center Group) for the financing of rough diamond purchases from ALROSA. The loan was used to fund the purchase of rough during ALROSA's January sales session.
The loan agreement between EXIMBANK OF RUSSIA and Dali Diamond provides for a 24-month revolving credit line in euros.
EXIAR is in charge of risk insurance under the agreement.
EXIMBANK OF RUSSIA is State Specialized Russian Export-Import Bank (JSC), a development institution providing credit and guarantee support to Russian suppliers of domestic goods and services.
EXIAR is Russian Agency for export credits and investments insurance, specialized state institute of export support for insurance instruments of export credits and investments protection.

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