Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Russian Diamond Miner Alrosa Strives to be Number One

18 march 2009

Sergei Vybornov, the CEO of Russian giant diamond miner Alrosa, says that his company is considering the acquisition of foreign assets and has plans to become the world's top diamond mining company, thus toppling De Beers from that position, reported.
Vybornov noted that Alrosa has noticed various opportunities and may well seize the moment to become the global leader in diamond mining in the course of the ongoing crisis. He noted that his company has the world's best diamond resources in Yakutia, northeast Siberia, while its rival, diamond miner De Beers has had to reduce rough diamond production.
Vybornov was quoted as saying: "There is an opportunity to purchase very good diamond assets abroad - small companies that are going bankrupt or are on the verge of bankruptcy.”
Alrosa provides 97% of Russian and 25% of world rough diamond output. The Russian government holds a 50.9% stake in the company.
Diamond miner De Beers has been the leader of the world diamond market since its formation in the 19th century. However, the company was recently forced to seek a $500 million loan to tide it over during the current crisis in the world diamond industry.