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 will pay 64.7 billion rubles in dividends for the first half of the year

01 october 2021
On Thursday, 30 September 2021, ALROSA’s Extraordinary General Meeting of Shareholders, in line with recommendations of the Supervisory Board, resolved to pay dividends and amend the Company’s internal documents.
The meeting was held in absentia and had a hitherto unprecedented quorum of 85.66001%. All the proposed resolutions were adopted, with more than 99.7% of votes cast in favour.
The shareholders voted to pay dividends for 1H 2021 of RUB 8.79 per share. Total dividends for 1H 2021 will be RUB 64.7 bn, or 100% of the free cash flow for the period.
The approved record date for the 1H 2021 dividends is 19 October 2021.
With the 2H 2020 dividends of RUB 70.3 bn, ALROSA will be paying a total of RUB 135 bn in dividends in 2021. This is more than the 2018 and 2019 dividends combined.
The shareholders also resolved to amend the Company’s Articles of Association and the Regulations on the General Meeting of Shareholders to be able to hold meetings remotely in accordance with Russian laws.
Following the meeting, Sergey Ivanov, ALROSA CEO, said that a record-breaking   number of minority shareholders took part in the vote or 19.66% of the total share capital. “Strong involvement of all three groups of our shareholders (Russian Federation with 33% of shares, Yakutia, including its districts, also with 33% of shares, and minority shareholders, which combined hold a total of around 34% of shares) has once again highlighted our sound corporate governance practices. We will continue upholding them as we honour and protect the interests of all of ALROSA’s shareholders,” said Sergey Ivanov.

Vladimir Malakhov, Rough&Polished