Lucapa boosts Angola kimberlite exploration with establishment of standalone bulk kimberlite sampling plant

Lucapa Diamond and its Angolan partners are making great strides to improve the Lulo kimberlite exploration programme. Company chief executive and managing director Stephen Wetherall told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Mining...


“In the jewellery art, we express our feelings, emotions and share them with others”

Over 30 years, the MOISEIKIN company based in the Ural area has become a famous jewellery brand. The jewellery and souvenirs of this jewellery house made of precious and semi- precious stones and metals are displayed at museums and in private collections...

20 march 2023

Automatic double upgrade of diamonds is not only a questionable practice but could be systemic fraud – Meeus

HRD Antwerp is under investigation by Belgian authorities following allegations that for every Gemological Institute of America (GIA) stone, which entered their lab for certification an automatic upgrade would be given two colours up and one...

13 march 2023

"At House of Ashish Vijay, diamonds and coloured gemstones will only ever mean stones that carry a storied legacy"

Ashish Vijay, a Dubai-based investor, philanthropist, entrepreneur and businessman with decades of experience in the precious gemstone and luxury jewellery industry, finance and investments sectors, set up his business in Dubai in the year 2013. As the...

06 march 2023

KP should remodel its enforcement, accountability mechanisms if it wants to remain relevant - Fula-Ngenge

The African Diamond Council (ADC) is calling on the Kimberley Process (KP) to remodel its enforcement and accountability mechanisms if it wants to remain relevant and effective. ADC chairperson M’zée Fula-Ngenge told Rough&Polished’s...

27 february 2023

ALROSA Supervisory Board recommends H2 2020 dividends of RUB 70.3 bn

29 april 2021
At the meeting held on 27 April, ALROSA Supervisory Board recommended allocating all-time high half-year dividends for H2 2020 amounting to RUB 70.3 bn, or RUB 9.54 per share.
In accordance with ALROSA’s Dividend Policy, the Supervisory Board recommended the AGM to distribute RUB 70.3 bn, or RUB 9.54 per share as dividends for H2 2020, up 47% vs the FY2019 payout.
“As proposed by the Company's management, in March 2021, the Board approved changes to the financial and dividend policies to enhance resilience and sustainability of our business. In particular, it increased the target minimum liquidity reserve to RUB 70 bn and adjusted the methodology for determining the amount of dividend payout for Net Debt/EBITDA below 1.0x. In view of the changes, the Supervisory Board recommended distributing record high RUB 70.3 bn, or 80% of free cash flow for the period as dividends for H2 2020. The decision confirms the Company's commitment to balancing the interests of shareholders and robust financial stability of the business,” said Sergey Ivanov, ALROSA CEO.
The General Meeting of Shareholders will be convened on 16 June 2021. The recommended record date for dividends is 4 July 2021.