Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

ALROSA’s Supervisory Board to Consider Divestment from MAK-Bank

15 may 2014

On May 22 Supervisory Board of OJSC AK ALROSA will consider the issue of termination of the company’s participation in several non-core assets, including MAK-Bank, the company said cited by
ALROSA owns 84.7 percent stake in CI MAK-Bank Ltd. (the remaining 15% share is owned by four entities and several individuals). Despite being the majority shareholder of MAK-Bank ALROSA actually did not control the asset since the charter of the credit institution stipulates each shareholder having one vote regardless of the percentage of ownership.
Due to the above fact and with the view to enhance investment attractiveness and simplify the sale of its share in the bank ALROSA was considering the option of corporatisation of MAK-Bank. Extraordinary meeting of MAK- Bank shareholders held in February approved its conversion to OJSC.
ALROSA’s representative could not comment on the reasons for the immutability of the legal form of MAK-Bank since that decision was taken.
ALROSA adopted decision to sell its share in the bank last year as part of a strategy on divestment from its non-core assets.
During the upcoming meeting the Supervisory Board of ALROSA will also consider termination of participation in Media Group "Sitim" Ltd. (100%), ALROSA- VGS Ltd. (100%) and diamond cutting company OJSC Sakha Diamond (5%).