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

Russian Oil Giant to Invest $1bn in Diamond Mine

19 march 2012

OAO LUKOIL, Russia’s largest non-state oil producer, plans to start a diamond mining project next year after investing about $1 billion in a possible challenge to OAO ALROSA’s monopoly, said two people familiar with the matter, reported citing Bloomberg.
LUKOIL would emulate BHP Billiton Ltd., the world’s largest mining company and one of the few to produce both diamonds and oil. The Moscow-based oil company may mine as much as 4 million carats of rough diamonds a year at the Grib pipe in Russia’s northern Arkhangelsk region, once co-owned by De Beers, the people said, according to the Bloomberg report.
After the start of production, LUKOIL plans to sell the project to a strategic investor such as state-controlled ALROSA, the people said. ALROSA, the world’s largest diamond miner by output, produced more than 34 million carats last year. The oil producer will invest $1 billion in the project before the first stone is produced, one of the people said.
“Diamond mining in Russia is now more profitable than oil,” said Denis Gabrielik, an analyst at Otkritie Capital in Moscow. ALROSA had a 54 percent margin on earnings before interest, taxes, depreciation and amortization for the first nine months of 2011, while LUKOIL reported an Ebitda margin of about 14 percent for the full year.
Gleb Ovsyannikov, a LUKOIL spokesman, declined to comment. Andrey Polyakov, ALROSA’s spokesman, said no talks have been held with LUKOIL about the mine.