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

FAS Authorized ALROSA’s Subsidiaries to Acquire 100% Share in OJSC Nizhne-Lenskoye

03 september 2012

Russia’s Federal Antimonopoly Service (FAS) issued an order to OJSC Severalmaz and OJSC Almazy Anabara (both companies are owned by AK ALROSA) for acquisition of 100% share in OJSC Nizhne-Lenskoye, Business-TASS reported citing materials of the state agency.
Following realization of the above transaction the aggregate market share of group of companies including Severalmaz, OJSC Almazy Anabara, AK ALROSA) and OJSC Nizhne-Lenskoye, at the Russian diamond market will exceed 99%.
Subject to the terms of the order issued by FAS, ALROSA shall undertake to secure fulfillment of all contracts and agreements in force on the date of transaction and related to sales of rough diamonds mined by OJSC Nizhne-Lenskoye.
Moreover, with the view of prevention of monopolistic activities, AK ALROSA shall secure compliance of the rough diamond trading activities of OJSC Nizhne-Lenskoye to draft provisions “On the order and terms of rough diamond sales of AK ALROSA, agreed by FAS, immediately after completion of the transaction.