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 to Announce the Buyer for MAK-Bank

07 july 2014

Today ALROSA will render the results of the open auction for the sale of its stake in MAK-Bank. The deadline for submission of bids expired on June 27. According to Kommersant newspaper ALROSA has received only one bid from ROST-Bank, controlled by businessman Oleg Karchev. According to reports by ALROSA, the estimated value of its 84.66% share in MAK-Bank is not less than RUB 414 million. This is the price at which ROST-Bank is to acquire the stake of the diamond mining company, Kommersant reported.
ALROSA declined to comment on the issue “prior to official publication of the results of open bidding procedures.”
As of on April 1, 2014, MAK-Bank was ranked 358th in terms of assets (RUB 5.6 billion) and 306th – in terms of capital (RUB 1.08 billion).
A year ago ALROSA decided to dispose the share in MAK-Bank as one of its non-core assets, on the threshold of partial privatization.
But at that time the company could not control the bank as MAK-Bank’s charter endowed each shareholder to get one vote regardless of the size of stake. This stipulation was revised this Spring, when some shareholders opposing ALROSA quitted MAK-Bank’s capital.
Purchase of ALROSA’s share in the bank having branches in Yakutia corresponds to interests of ROST-Bank which has embarked on active buying of regional banks.