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 of RUR 225 million in 1H2012

15 august 2012

For the period from January to June, 2012, OJSC Severalmaz (a subsidiary of OJSC AK ALROSA) posted net loss under Russian Accounting Standards (RAS) in the amount of RUR 225.14 million, compared to net profit worth RUR 45.77 million registered for the first half of 2011, Prime reports citing the company’s financial statement.
Revenue of OJSC Severalmaz for the above period reduced 4.3 times to RUR 214.45 million, while its cost of production dropped 2.1 times to RUR 270.34 million.
Following the first six months of 2012 the diamond mining company posted sales loss of RUR 160.87 million compared to profit on sales worth RUR 245.95 million for the similar period of 2011.
Pre-tax loss of Severalmaz amounted to RUR 274.4 million compared to pre-tax profit of RUR 70.77 million in the first half of 2011.
In 2011 Serevalmaz posted year-on-year reduction of net profit under RAS to RUR 44.92 million, 46.6 times lower than corresponding figures in 2010. The company’s revenue increased by 40% to RUR 1.706 billion in 2011.