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...

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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...

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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...

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President of ALROSA: We have chosen a correct strategy

23 december 2009

“We have won choosing a strategy aimed at maintaining a stable level of production, unlike other diamond-mining companies around the world, which resorted to curtailing output and retrenching their personnel,” Fyodor Andreyev, President of ALROSA, said to journalists during his business trip to the Mirny Region in Yakutia where he launched the second stage of the Aikhal Underground Mine on December 20, 2009, according to Yakutia-Sakha Information Agency.
“We renewed our sales in the third quarter 2009 increasing sales volumes. In July, we sold $180 million worth of diamonds and today our sales reached $350 million. As a whole, during this year the company’s sales will amount to $2.2 billion including what we sell to the state repository.
Next year we shall expand these plans and in line with the project, which will be submitted to the Board of Directors for approval, we plan to sell $3.2 billion worth of our basic production, including $850 million to Gokhran. Our plans are realistic. They give a possibility to make all scheduled investments in the underground mines, reduce our debts by $600 million, and continue our policy aimed at preserving jobs. In 2010 we plan to earn 3 billion roubles of profit in ready cash,” Fyodor Andreyev said.
ALROSA’s President also informed that in the near future the company will discuss the issues related to its unified marketing policy. “Here our priorities are based on the law of business – “pay and take.” As the matter stands, the government of Yakutia is supporting its diamond cutting industry and currently the budget of the republic contains guarantees for a number of enterprises. This will give them an opportunity to purchase rough on credit,” he noted.
Speaking about the company’s activities Fyodor Andreyev said: “I believe that we have won in defining our strategy and preserving our level of output, including the support rendered by the state. I wish to emphasize, that this should not be confused with the support in the form of payments to increase authorized capitals as it was done in other companies. In our case, the essence consists in purchasing our rough, which in the long run will be an efficient and profitable investment for the state. We have considerably expanded our share of the market, and this will allow us to conduct a more precise sales policy. The one who will survive will win. Today it is possible to say with confidence that this company lives and increases its production volumes, and the next year will be better. I am satisfied both with the team and results of work.”