GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

ALROSA successfully completed book building for its 7-year Eurobond issue

18 june 2020

alrosa_logo.jpgALROSA has completed the book building for its $500 m 7-year Eurobond issue. The coupon rate is 3.1%, said the company.
The book was closed on 17 June, with demand exceeding supply by over three times. Investors from continental Europe, UK and Russia bought 33%, 25% and 20% of the issue, respectively. The remainder went to Asian and MENA, and US investors (11% for each group). The split by type was as follows: asset managers and funds – 62%, banks – 28%, insurance companies – 6%, and hedge funds – 4%. 
The issue was arranged by J.P. Morgan, Societe Generale, VTB Capital and Gazprombank.
ALROSA plans to use the proceeds for refinancing the existing bank debt and for general corporate purposes. Its only debt to be repaid in 2020 is $494 m of outstanding Eurobonds issued in November 2010.
ALROSA is the world's largest diamond mining company.
The company accounts for 26% of the global and about 90% of Russian diamond production.

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