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

OJSC Severalmaz posted net loss widening in 1Q 2012

16 may 2012

OJSC Severalmaz, a subsidiary of the Russian largest diamond miner OJSC AK ALROSA, posted a dramatic increase of net loss per RAS following the first quarter of 2012, to 148.85 million rubles compared to 62.22 million rubles of net loss for the similar period of 2011, PRIME reports citing the company’s statement.
Revenue of OJSC Severalmaz contracted by 36% to 156.18 million rubles, while cost of sales was relatively stable at 214.91 million rubles (compared to 218.16 million rubles in 1Q 2011).
The company’s 1Q 2012 gross loss amounted to 58.73 million rubles compared to 25.94 million rubles for the appropriate period of 2011. Sales loss jumped 7.3 times to 118.51 million rubles, loss before taxes increased 2.5 times to 180.58 million rubles.
OJSC Severalmaz noted that all rough diamond production was exported in the first quarter of 2012 (while in 1Q 2011 the company's exports accounted for 95.87% of the aggregate sales).
During the period in report Severalmaz sold a total of 97,700 carats of diamonds, the main consumers of diamond production being Belgium, India,, Israel, UAE.
In 2012 Severalmaz intends to export a total of 404,800 carats of rough diamonds. The company targets securing ore extraction capacity of 1.3 million tonnes and ore processing volumes at 1.1 million tonnes for the full year. Severalmaz expects rough diamond production of about 555,000 carats in 2012.
This year the company also planned additional exploration works at Pionerskaya pipe aimed at accretion of diamond reserves.