Diamond prices remain steady despite sanctions imposed against ALROSA -Zimnisky

Sanctions imposed against ALROSA only resulted in the smaller gem and near-gem quality goods outperforming other categories in recent months, according to an independent diamond analyst Paul Zimnisky. He told Rough&Polished’s Mathew Nyaungwa in an exclusive...

27 june 2022

Most people see great potential in the growth of LGD jewelry market

Currently Wayne Wang-Wang Yichun is the General Manager, LUSANT - Incubation Project Management Department of Yuyuan Jewelry Co., Ltd. He was the General Manager of Shanghai Yuyuan Jewelry Co., Ltd - A Fosun Group Company; and General Manager of international...

20 june 2022

De Beers sees good potential for exploration activities in Angola

De Beers recently signed two mining investment contracts (MICs) with the Angolan government for licence areas in the provinces of Lunda Norte and Lunda Sul. The MICs for the two licence areas are for the award and exercise of mineral rights covering...

13 june 2022

Ali Pastorini: The jewelry consumer does not evaluate the brand only by price

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

06 june 2022

“We aim to bring in a different kind of a jewellery experience for the consumers,” says Vaishali Banerjee, Managing Director, PGI-India

Vaishali Banerjee made a shift from the advertising and marketing industry to the jewellery industry to create category awareness for a metal that was lesser-known in the subcontinent. Initially, it was all about category creation in a vibrant, mature...

30 may 2022

Investment decision on Russia’s Mir diamond mine may be made as early as May this year

12 january 2022
ALROSA is currently preparing a feasibility study for the Mir diamond mine restoration project, and an investment decision on it may be made as early as May 2022, FINMARKET reported, citing an interview with the company's CEO Sergei Ivanov on the Almazny Krai TV channel.
The feasibility study will be reviewed by the strategy committee of ALROSA’s supervisory board and then by the supervisory board itself. “We can state that everything should move towards a positive decision,” said Sergei Ivanov.
He also informed that during the exploratory deep-level drilling at the Udachnaya and Mir diamond pipes, additional diamond reserves of 118 million carats were confirmed and the company can put this amount on its balance sheet. Diamond reserves of more than 80 million carats were confirmed at Udachnaya and almost 38 million carats at Mir.
“We have not had great discoveries in recent years, but the increase in reserves that we see allows us to outstrip production levels,” said ALROSA's CEO adding that ALROSA geologists will also test the diamond grade of one of the new pipes at the company’s Aikhal Mining and Processing Division located in the vicinity of the Yubileinaya diamond mine, as well as the diamond grade of one of the promising pipes at the Verkhne-Munskoye diamond field and that the results of these works may become available in 2022.

Vladimir Malakhov, Rough&Polished