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 maintains its target to produce 34-35 million carats of diamonds this year

20 june 2022
ALROSA CEO Sergei Ivanov told reporters on the sidelines of the 25th St. Petersburg International Economic Forum that his company maintained its initial forecast for diamond production this year at 34-35 million carats, Interfax reported.
The head of ALROSA added that based on the first half results, the company's performance stays up to the forecast.
“No (we do not plan to lower our output forecast for 2022 - Interfax). We, I think, stay within the output target and so far, despite certain complications, we keep going exactly according to our plan staying somewhere in this range. We do not intend to decrease production in the second half of the year,” Ivanov said, noting that the company's capacity is fully loaded, and the investment program is being implemented.
ALROSA also intends to continue the Mir mine restoration project.
Speaking about the situation in the diamond market, Ivanov said that there is still good demand for rough diamonds and the company has not adjusted prices for rough diamonds since February. According to him, interest in ALROSA's goods is high, and new companies are emerging that are interested in occupying the niche vacated by some customers. “We see that diamond production cannot be increased by any other players, which is confirmed by all experts,” he added.
Ivanov also said that the possibility of purchasing some of the company’s goods by Gokhran is being discussed, but so far, the parties did not come to details.
In his opinion, the risk to maintaining demand for diamonds comes from the general macroeconomic situation characterized by high inflation and falling incomes of a significant part of the population.