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 not stop work due to difficulties caused by sanctions

30 may 2022
ALROSA is not going to lay off workers or suspend production due to sanctions, Interfax reported, citing a statement by the company's CEO Sergey Ivanov to reporters at the company's corporate forum of enterprising workers, Khozaktiv 2022.
“I am sure that throughout the year we will also fully implement our social obligations. Today we do not see any prerequisites for starting any retrenchments or tightening our belts,” he said.
According to him, the sanctions affect all stakehlders in the diamond industry.
“Yes, we have encountered some difficulties. We understand how to deal with these issues. This year we will start piloting new machines, underground complexes,” Ivanov said.
ALROSA is the world's largest producer of diamonds in carats: the company accounts for 29% of the world’s and 95% of Russia’s diamond production, according to the company's website. Its main activity is concentrated in Yakutia, in the Arkhangelsk Province and in Africa.
ALROSA came under US Treasury sanctions in April. In mid-May, the Russian Ministry of Finance assessed the company's financial position as stable, Interfax said.