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’s Supervisory Board held a meeting

29 december 2009

The Supervisory Board of ALROSA chaired by Alexey Kudrin, Vice Premier and Minister of Finance of the Russian Federation, was held in Moscow on December 29, 2009, ALROSA informed Rough&Polished.
The Board elected Alexander Akhpolov, Director of Administrative Department of the Ministry of Finance of the Russian Federation, to the position of Deputy Chairman of the Supervisory Board of AK ALROSA.
The Supervisory Boards’ members considered the issue of changing the composition of the Board of Directors of AK ALROSA. Due to retirement from the company it was decided to exclude A. Veselkov, the former Office Manager of AK ALROSA, G. Klimenko and A. Popov, the former Vice Presidents of AK ALROSA, form the company’s Board. P.Tretyakov, the former Chairman of Profalmaz, the Inter-Regional Trade Union of AK ALROSA, was also excluded from the company’s Board of Directors due to his transfer to another job. It was decided to include Yury Okoyomov, Vice President of AK ALROSA, to the Board of Directors.
The Supervisory Board discussed the forthcoming results of ALROSA’s performance in 2009, its financial plan and key indicators for 2010.
In 2009, the ALROSA Group’s total diamond output reached $2244.1 mn; the company sold $2187.2 mn worth of rough and polished diamonds. ALROSA expects that its net profit will be around 3182.6 mn roubles.
The Supervisory Board approved the following performance targets for the company in 2010:
Diamond output by the ALROSA Group – $2314.4 mn;
Diamond output by AK ALROSA – $1723.5 mn;
Proceeds from diamond sales by the ALROSA Group – $3302.3 mn, including
- AK ALROSA – $2618.2 mn;
- rough diamonds – $2493.3 mn;
- polished diamonds – $124.9 mn;
Proceeds from sales of production (works and services) by AK ALROSA – 92373.9 mn roubles;
Income before tax – 6436.1 mn roubles;
Net profit of AK ALROSA - 2655.7 mn roubles;
Investment budget – 20117 mn roubles;
Exploration expenses - 2710 mn roubles;
Investments into fixed capital – capital construction - 11195 mn roubles.
The Supervisory Board discussed the company’s borrowings policy for 2010. The Board approved the proposal made by AK ALROSA to issue rouble bonds in the second quarter of 2010 for the amount of 44 bn roubles.
The Supervisory Board decided to terminate ALROSA-Primorye, the company’s subsidiary, and use its base to establish a complex geological and geophysical field party within the Mirny Exploration Expedition of AK ALROSA as a workshop based in the City of Arkhangelsk.
The Supervisory Board also discussed the sales policy of AK ALROSA for 2010 – 2012 and the development of the company’s projects in Africa.
The Supervisory Board approved its working schedule for 2010.