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

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

ALROSA's President Fyodor Andreev has decided to step down from his post

22 september 2014
Fyodor Andreev decided to leave the position of President of ALROSA. He stated this at a weekly meeting with the company management on September 22, 2014. This decision was taken due to medical reasons, according to a company press release.
"Leaving the operational management of the company, Fyodor Andreev will continue to participate in the management of ALROSA sitting on the Supervisory Board of the company," the press release said citing the mining entity.
Ilya Ryaschin, First Vice President of ALROSA, was appointed the acting President of the company.
Andreev took the position of Vice President of ALROSA in 2002 and was in charge of the company's financial and economic matters in the course of one year. In 2003, he was appointed Vice President of Russian Railways. He served as President of ALROSA since July 15, 2009.
Fyodor Andreev took the helm of the company during the crisis period in mid-2009. ALROSA finished the year of 2008 with a loss and stopped selling rough to overseas markets. Over the next 5 years, the company turned sustainable and increased its financial performance in a significant way. ALROSA Group's revenue increased more than twofold in 2013 compared with 2009, while its net income went up nine times as much under IFRS.
The financial growth was largely due to the adoption of a new marketing policy in 2009 based on long-term contracts, which allowed ALROSA to ensure sustainable rough sales and protect itself from price volatility.
The company has developed a new strategy focused on exploration, production and sales of diamonds and rejecting non-core assets. In 2013, this strategy was approved by the shareholders of the company.
ALROSA’s strategy is aimed at higher production of rough diamonds driving their output to over 41 million carats. Production growth and a rich resource base will allow ALROSA to maintain the status of the world’s leader in diamond mining. To ensure the production the company has implemented the project for the construction of underground mines in Yakutia having commissioned the last and largest of the four diamond mines, Udachny, last June. Severalmaz, ALROSA’s subsidiary in the Arkhangelsk Region will be another growth driver, which will be able to turn out up to 5 million carats of rough per year after reaching its nameplate capacity.
In 2013, ALROSA successfully carried out its public offering on the Moscow Stock Exchange under the privatization program.
ALROSA is engaged in the exploration, production, processing and sale of diamonds. Its mining operations are located in the Republic of Sakha (Yakutia) and the Arkhangelsk Region. The largest shareholders of ALROSA are the Government of the Russian Federation (44%) and the Republic of Sakha (Yakutia), which owns 25% of the diamond giant, while the company’s free float is 23%.

Anna Georgieva, Rough&Polished