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

RBC: Sergey Ivanov will step down as head of ALROSA

02 december 2022
Sergey Ivanov, who has headed the world's largest diamond mining company ALROSA since March 2017, has decided to resign before the expiration of his employment contract. RBC was told this by a source close to the top manager and the news was confirmed by a source in the government of Yakutia.
“The Brief Telegram channel was the first to announce the impending resignation. According to the channel, the investment group Volga Group of Gennady Timchenko (a major co-owner of NOVATEK and Sibur) may become Ivanov's new job. A source close to the top manager told RBC that he could move to one of the units associated with the Volga Group as a partner in one of the projects. Representatives of ALROSA and Volga Group declined to comment,” RBC said in a statement.
ALROSA produces a quarter of all diamonds in the world. In 2021, its revenue grew by 50% to RUB 332 billion, driven by a 42% increase in diamond sales and a 13% increase in the price index. The company's net profit increased by 2.8 times, amounting to 91.3 billion rubles. The Federal Property Management Agency owns a 33% stake in ALROSA, Yakutia owns 25% plus one share, and another 8% belongs to the Yakut uluses. The remaining 34% are traded on the stock exchange.

Vladimir Malakhov, Rough&Polished