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...


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 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