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...

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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

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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 is going to commission new diamond pipes, Vybornov said

22 april 2009

Russian diamond miner ALROSA is planning mining operations launch at new diamond fields, ALROSA CEO Sergey Vybornov said in an interview to Interfax.
“We will embark on the launch of new pipes,” – he said.
He stressed that commissioning in question involve not only Verkhne-Munskoye minefield, which was opened in 2007.
“There are some other diamond deposits, but the geologists have not finalized their activities there, yet. Diamonds are considered as strategic resources in Russia and the procedure of obtaining license by strategic miners lacks consistency. We have discovered a deposit, have applied for a license and have to wait. Until the license is granted – we cannot formally consider the deposit as our own one. ALROSA has brisked up prospecting activities and last year it managed to exceed the level of Soviet period. We have a lot of promising pipes, we are going to develop these corresponding projects and this will be open pit mining,” – Vybornov said.
ALROSA reported the opening of Verhne-Munsky deposit in Yakutia having $3.5 billion worth of reserves in August 2007. Geologists had previously discovered such large minefield in the republic over 10 years ago.
According to Vybornov, the company has reduced mining activities by 4%, however it was done with the view of production optimization.
“We will cut production by approximately 4%, as we had to do long ago. There used to be some deposits on the verge of profitability. For example, Zarnitsa pipe – it’s the first pipe discovered in Yakutia and mining activities were conducted there for image considerations. Now we will cut such production,” – he said.
ALROSA retains its plans on the shift to underground mining:  on Metallurgist day (19 July) the company to commission underground mining at Mir mine; by the end of 2009 ALROSA  to launch 2nd stage of Aikhal mine. From the start of underground mining, open-pit mining to be dropped.
“In accordance with Russian mining legislation, we must undertake to mine all resources available at a deposit. Once we exhausted open-pit mining – the underground mining to be launched then. We managed to solve rather complicated issue not to have a break in mining: underground mining will start simultaneously with the finishing of open-pit mining,” – Vybornov stressed.
He added that underground mining is not so profitable as open-pit activities. “The costs to rise by 20-30% on average. Mining does usually significantly drop, depending on the deposit specificity.”