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 Will Invest in Gas Assets Till Their Sale

26 april 2012

ALROSA will develop its gas assets right up to their proposed sale, RBC Daily reported citing the Vedomosti Daily. In 2012, ALROSA intends to invest a total of 5.6 billion rubles ($190 million) into its gas assets – ZAO Geotransgaz and OOO Urengoyskaya Gazovaya Company which have been recently repurchased from VTB for $1 billion. At present time ALROSA negotiates disposal of at least a 25% share in its gas assets with Zarubezhneft. Sources from the diamond mining company assume that additional capital investment will result in rising attractiveness of the gas companies.
“Short term prospects are seen as negative but not having a long term impact. We suppose that CAPEX expansion will exert moderately negative influence on ALROSA’s investment case, as updated CAPEX in the amount of 5.6 billion rubles will contribute to a 25% growth of aggregate capital costs of the company in 2012, compared to our previous estimate. However, we suppose that the value of gas assets will increase accordingly which will salve the effect of CAPEX growth after their sale,” BKS financial group analysts Oleg Petropavlovskly and Eduard Badaev commented.