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’s Shares Included to MSCI Russia Index

16 may 2014

Quite expectedly shares of ALROSA were added to MSCI index following the results of semi-annual rebalancing announced on the night of May 15, Finmarket.ru reports.
According to the report of the index company the weight of ALROSA shares for MSCI Russia index was set at 1%.
VTB Capital analyst Ilya Pitersky estimated the inflow into shares of ALROSA due to inclusion of these securities in the MSCI Russia index would be about $36 million from the passive funds and up to $583 million from the active funds.
Moreover following the recent review and rebalancing ALROSA’s shares were added to the calculation base of MSCI Russia Large Cap index with a weight of 1.03%.
Meanwhile the weight of Sistema and Megafon depositary receipts was hiked to 2.18% and 1.32% accordingly. At the same time the index excluded ordinary shares of OJSC Rostelecom (previously weighing 0.98%) and OJSC Severstal (0.82%).
MSCI Russia Mid Cap Index will be replenished with securities of the two companies, namely ordinary shares of Rostelecom (27.08%) and OJSC Severstal (22.9%).
Following the results of rebalancing in May the composition of MSCI Russia IMI index also changed. It added stocks of three companies including shares of ALROSA with a weight of 0.97%, depositary receipts of OJSC Pipe and Metallurgical Company (0.25%) and shares of OJSC INTER RAO UES" (0.23%). At the same time it FKS, Sollers, OJSC Protek, OJSC AvtoVAZ, OJSC Raspadskaya ordinary shares and Mechel preferred shares were excluded from the index.
The results of May revision of MSCI indices will take effect on June 2, 2014.