Work hard and you will find success

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GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

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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

ALROSA’s Aikhal and Zarya diamond mines will suspend operations starting from May 15, 2020

05 may 2020
alrosa_logo.jpgALROSA will temporarily suspend mining works at the Aikhal underground mine and Zarya open pit from May 15, said the company in a press release distributed today. “The decision was taken due to the decrease in demand and sales for diamonds, as the major consuming economies are struggling with economic headwinds caused by the global spread of COVID-2019 virus,” ALROSA said.
According to the company, mining at Aikhal will be put on care and maintenance from May 15 to September 30, 2020, at Zarya – from May 15 to December 31, 2020. Zarya employs 180 miners, Aikhal has 502 staff members. Part of the mine’s personnel will be involved in maintenance and other required continuous works.
“These two pipes operate with lowest margins in the Group portfolio due to quality characteristics of stones mined there. The decision to put them offline aimed to reduce accumulation of less liquid, given the current market conditions, stocks of diamonds,” the statement said.
Personnel of suspended operations and auxiliary services will be partially laid-off, the remaining employees will be transferred to other assets or stay in the idle regime, while the company’s HR develops a necessary set of social support.
2020 production plan change will be considered at the Board meeting in May and the company intends to recommence production at suspended assets as the market situation improves, according to the press release. In 2019, ALROSA produced 2.6 million carats from the Aikhal and Zarya pipes together. 

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