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 plans to merger its diamond manufacturing operations

26 september 2014
The ALROSA Executive Committee plans to merger company's diamond manufacturing operations, press statement from the Russian diamond giant said.
The Company’s diamond manufacturing capacities include Moscow-based subsidiary Brillianty ALROSA (ALROSA Diamonds), the Barnaul-based “Barnaul Kristall Cutting and Polishing Factory” LLC (100%) and the Orel-based “Orel-ALROSA” LLC (51%).
In 2013, to improve performance of its cutting and polishing facilities ALROSA launched a scheme of re-allocating rough supplies among its cutting factories depending on costs and margin in different categories of rough diamonds. The preliminary results of the scheme were found viable.
To advance the development of the company’s polished diamonds business a merger of the current diamond manufacturing operations is proposed, with the main production facilities based in Barnaul. Moreover, the company contemplates engaging large international jewellery manufacturers as strategic partners in this business.
The factory in Moscow will specialize in large and fancy-colour diamonds to be offered for sale through international auction houses under the ALROSA marketing 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 correspondent