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

ALROSA intends to take legal action

08 june 2009

ALROSA intends to bring a case before the Court of the United Kingdom claiming damage to the company’s commercial interests due to the publications by John Helmer posted on the PolishedPrices website. The Russian diamond mining company has already engaged the Mezhregion Bar Association to prepare this lawsuit.
As ALROSA informed Rough&Polished, the company “believes that publishing materials on would-be changes in its management with reference to some unnamed sources is directly damaging the company’s commercial interests while ALROSA is concluding long-term contracts.”
“Indeed, the company’s important customers had anything but simple experience interacting with ALROSA, when the rules and principles of mutual relationship were not transparent providing enough grounds for all kind of rumors,” ALROSA stressed. According to the company’s spokesman, “switching over to long-term contracts removes the question of transparency in relations between the buyer and seller, which does not suit some non-professional market participants lacking experience under such conditions. The company’s shareholders represented by the spokesman of the Ministry of Finance of the Russian Federation have already made their statements in support of the decisions and business activity pursued by the company’s management in general. Nevertheless, John Helmer is regularly publishing articles in which he informs of impending changes in the company’s management referring to anonymous sources and probably implying that the company may change its trading policy. We believe that replicating the rumors, which were on several occasions belied by official statements on the part of the company’s shareholders, has nothing to do with professional journalism. PolishedPrices and John Helmer personally cannot be reproached for lack of knowledge about the market situation. What is more, they were given all the necessary explanations. This gives ground to suggest that this website has possibly taken some interest in publishing such texts which compels the company to go to law,” ALROSA said.