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 may float up to 12% of shares in the open market

02 march 2012

The Republic of Sakha (Yakutia) agreed to sell its stake in ALROSA in parallel with shares owned by the Russian Federation, according to a recent statement of Alexey Uvarov, Director of Property Relations at the Ministry of Economic Development, cited by RBC.
“The government of Yakutia is ready to sell its shares in ALROSA along with our 7-percent interest,”  Uvarov said.
He explained that the Russian government owns a bit more than 50% of shares in the diamond mining company, while the list of strategic assets delineates 38% of the company’s shares. Accordingly, we can sell 12% of ALROSA shares, which will not affect the list of strategic assets.
As it was previously reported, the Supervisory Board of ALROSA is expected to consider the issue and privatization options in mid-March, 2012. The Ministry of Economic Development and the company’s management discussed the option of floating 14% of ALROSA’s shares in 2012 (7% from the federal stake and 7% from the stake owned by Yakutia). The company expected to finalize preparations for an IPO in 2012.