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

Russian Businessman Aims for ALROSA, BHP Merger

29 may 2012

Businessman Suleiman Kerimov is hoping to merge a prospective stake in ALROSA with BHP Billiton’s diamond assets, says Rapaport citing a report distributed by Bloomberg quoting the Vedomosti, a Moscow-based daily.
The report indicated that Kerimov has urged the Russian government to offer 51 percent of ALROSA under its asset sale program, merge it with BHP Billiton's diamond assets and hold a public offering of shares in the combined company, Rapaport reports.
In March, ALROSA’s board advised a gradual sale of the state’s interest, starting with the sale of a 14 percent stake in the miner.
Anton Averin, a spokesman for Kerimov’s Nafta Moskva investment company told Bloomberg that the sale of a 51 percent stake in ALROSA make sense as the price would include a premium for control, while selling smaller lots will benefit ALROSA’s management. Nafta Moskva currently holds a 1 percent stake in ALROSA.
BHP Billiton announced in November 2011 that it intends to exit the diamond market as the industry does not fit its strategy to invest in large, long life, upstream and expandable assets.
Separately, New York-based investment firm Kohlberg Kravis Roberts & Co. (KKR) has backed away from the sale of BHP's Ekati mine valued at up to $2 billion, the Financial Times reported.