GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

ALROSA to Sell Gas, Oil Subsidiaries in '09

24 march 2009

ALROSA may have found buyers for its gas subsidiaries Geotransgaz and Urengoi Gas Company, RAPAPORT reported. ALROSA's president Sergei Vybornov said that Gazprom is interested in acquiring the diamond mining company's gas assets. There may also be a buyer for ALROSA's oil subsidiary, Alrosa Irelyakhnft, but Vybornov did not name the party. He said ALROSA wants to receive $600 million to $700 million for all three subsidiaries and plans to sell the assets by the end of the year.

Geotransgaz has a license for one of the tracts of the Beregovoe field on the Yamal Peninsula, which has reserves of 10 million tons of oil and condensate and 50 billion cubic meters (1.8 trillion cubic feet) of gas. Urengoi Gas Company does exploration at the Ust-Yamsaviyskoe field on the Yamal Peninsula, with reserves of 8.6 billion cubic meters (303.7 billion cubic feet) of gas. ALROSA bought the gas companies between 2005 and 2007 for $421 million. The company planned to diversify its business, but never got around to production. Now it is too busy with diamonds and other projects for development of non-core assets, because it needs to pay off debts. As of September 30, 2008, ALROSA carried almost $2.3 billion in debt.