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

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

ALROSA is studying the lab-grown diamond market, but does not plan to enter it

28 december 2020
Image credit: ALROSA 

Alexey Moiseev, Russia’s Deputy Finance Minister said in an interview with RIA Novosti, that ALROSA is studying the lab-grown diamond market but is not planning partnerships with producers of lab-grown diamonds.
In July, in an interview with Interfax, Yuri Trutnev, Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District, speaking about the possibility of diversifying the activities of the diamond mining company, noted that the future of diamond jewelry is at high risk due to the production of man-made diamonds. “It seems to me that ALROSA needs to think about the future in more detail,” he said.
Later, in early December this year, Yuri Trutnev said that so far he did not plan to insist on diversifying the company's activities.
In his interview, Alexey Moiseev, speaking about diversification, noted that mining of diamonds at ALROSA is very different from mining of other minerals. “This is a completely different market, a completely different technology and there is no synergy there,” he said, mentioning however the work of Almazy Anabara, part of the ALROSA Group, which carries out associated gold mining at the deposits of its core business.
Saying that ALROSA's Supervisory Board monitors the development of the synthetic stones market, Alexey Moiseev said: “ALROSA always studies the state of the synthetic market, but there are no plans to conclude agreements on the production of lab-grown diamonds.”
“In general, we take this position: if there is something suitable, we will study it,” he continued. “Deliberately, purposefully going for diversification is too expensive, it can undermine the financial position of the company, since it will lead to an increase in significant amounts of debt with little result.”

Vladimir Malakhov, Rough&Polished