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

ALROSA’s sales in 2011 went up 55% - Annual Report

04 july 2012

At the 2011 year end, ALROSA raked in RUB 52.554 billion in diamond sales, which is 55% higher than in 2010. The miner’s return on sales increased by 44.6% versus 2010 due to changes in prices for sold goods, implementation of organizational and technical measures to reduce the company’s operating costs under the Energy Saving Program and cost control.
Profit before tax amounted to RUB 35.562 billion, which is more than 3 times exceeds the 2010 level. During the reporting period the company received a net profit of RUB 29.519 billion or 3.9 times higher than in 2010. The efficiency of the company's turnover is characterized by the turnaround velocity of funds and their sources, as well as by profit margin. As analyzed, the company’s funds turnaround was shorter by 42 days compared to the beginning of the year, which indicates a higher paying capacity.
Return on assets rose during the reporting period by 7.38% over the same period last year. The change during the year was due to increased return on sales (+5.94) and higher turnaround of assets (+1.44%). From each ruble invested in assets, the company received 10.07 kopecks of net profit. Return on equity rose by 11.98% in the reporting period compared to one year ago.
The company’s profit margin changed under the impact of three major factors: higher return on sales to net profit (+10.61%); increased turnaround of funds (+2.57%); and changes in the structure of capital advances (-1.19%). ALROSA retrieved 16.77 kopecks of net profit from one ruble of its capital. At the end of 2011, its net profit margin increased by 25.1%, which is 3.2 times higher than the results in 2010. Earnings per share amounted to 4 rubles versus 1.19 rubles in 2010 (in comparable terms – counted for 7,364,965,630 shares).