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...

Today

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 Mulls Sale of Gas Assets in 2013 to Get Cash for Debt Redemption

21 december 2012

Next year AK ALROSA mulls disposal of its gas assets (namely Geotransgaz and Urengoi Gas Company) for cash rather than by means of exchange to core assets, subject to a statement by the President of the diamond mining company Fyodor Andreev in an interview for Russia 24 channel, cited by Finmarket.ru.
In response to a question on possibility of exchange of gas assets to ALROSA’s core assets, including Grib diamond pipe owned by LUKOIL subsidiary, Arkhangelskgeoldobycha, he said that interchange options are not considered as ALROSA is in need of cash which will be used for redemption of debts.
Apart from partial payment of debts ALROSA is going to allocate proceeds from sale of gas assets to acquisition of Nizhne-Lenskoye diamond mining company from Republic Yakutia. “Probably we will consider the option of acquisition of Grib diamond pipe, as well,” – Andreev noted.
Previously ALROSA engaged VTB as its sales agent, Andreev said. However the price offered by potential buyers - $700-800 million – did not allow at least offset of costs incurred for development of the gas project estimated at $1 billion.
In this regard ALROSA took “a tortuous decision” to put additional investment to the gas projects and effect connection to the gas pipeline system.
Andreev added that ALROSA now observes “reiteration of interest to these assets due to integration of Geotransgaz to the pipeline and signing a contract with Rosneft.”