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

Share in ALROSA to be privatized at the end of 2013

27 december 2012

President of Republic Sakha (Yakutia) Egor Borisov considers it expedient to privatize up to 14% share in OJSC AK ALROSA in the third or fourth quarter of 2013, RosBusinessConsulting reported citing a statement released at the website of Borisov.
The authorities of Yakutia deem the option of gradual sale of part of shares in diamond company ALROSA as more acceptable. Subject to the current global market environment, disposal of 7% shares from the assets owned by either Republic of the federal centre in the third or fourth quarters of 2013 might be the best solution, according the statement.
Previously Minister of Economic Development Andrey Belousov told journalists, that privatization of a share in AK ALROSA would be conducted in 2013 rather than in 2012.
“I am sure we won’t meet the timing, however I suppose we will manage to place one or another share at the market next year,” – Belousov said in November, having declined to clarify whether this might take place in the first quarter of 2013.
In October 2012 Ministry of Economic Development reported that the government suggested privatization of 7-14% in ALROSA in 2013 within the scope of IPO with the yield of RUB 12-24 billion.