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

ALROSA Sees African Projects as the Main Destination of Development at International Markets

25 december 2012

AK ALROSA recently signed agreements on geologic prospecting works with Botswana and Zimbabwe, the company’s President Fyodor Andreev stated in an interview to Russia 24 TV channel. He noted that ALROSA also owns 32.8% share in Catoca diamond mine located in Angola, Finmarket.ru reports.
Thus, ALROSA Chief said that the company regards African diamond mining assets as the most attractive and prospective direction of the company’s development in the international arena.
In Andreev’s words, ALROSA has studied the opportunity of acquisition of diamond mining assets offered for sale by BHP Billiton and Rio Tinto which had previously announced their intent to exit diamond business, but finally ALROSA abandoned this idea.
“We conducted detailed analysis of these assets. In general, they are resembling to ALROSA’s existing assets in Yakutia, in particular their life span will soon expire. The assets have been developed during 10 to 20 years and require transition to underground mining which is technically complicated and economically risky,” – ALROSA’s President noted.
In November BHP Billiton agreed to sell its sole diamond project – Canada-based Ekati mine – to Harry Winston for total consideration of $500 million. The sale was driven by insignificance of contribution of the mine to the company’s financial figures as well as exhaustion of its growth prospects.
Rio Tinto, which claimed future exit from diamond business is yet to sell its diamond mines.