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

Development strategy of ALROSA does not need to be revised - Chairman of Supervisory Board

09 october 2014
The development strategy of ALROSA adopted last year is correct and moving the company into the diamond cutting business is inappropriate. Ilya Yuzhanov, Head of the Supervisory Board of ALROSA told this to ITAR-TASS.
“My personal opinion is that turning to cutting and polishing in a broad way would be incorrect. The company can do something [in this direction – editor’s note], but we are anyway doing this for the amount of more than 200 million dollars. As for the company’s strategy [approved in the fall of 2013 – editor’s note], it has been accepted and approved. We have carried out the IPO and it was quite successful,” he said.
According to ITAR-TASS, Juzhanov added that consolidation of the company's diamond manufacturing business is a compromise between the position of Yury Trutnev, Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District [overseeing ALROSA – editor’s note] and economic expediency.
Earlier, Yury Trutnev and Fyodor Andreev disagreed about the company's strategy. According to the Plenipotentiary Envoy, diamond cutting and diamond processing in the country should be developed at the expense of ALROSA. In late September, Andreev decided to leave the presidency of ALROSA for health reasons.
On September 25, 2014 ALROSA announced its intention to attract strategic partners from among the world's major jewelry companies to its diamond cutting business.
In 2013, ALROSA started to introduce the practice of redistributing rough between its diamond manufacturing operations depending on the cost-effectiveness in processing certain diamond assortments. The company recognized the preliminary results of this work as promising. Within the frames of further developing its polished operations ALROSA is mulling to merge its diamond-cutting facilities with Kristall based in Barnaul.
ALROSA is engaged in the exploration, mining and sale of diamonds. The company is operating in the Republic of Sakha (Yakutia) and in the Arkhangelsk Region. In 2013, ALROSA produced 36.9 million carats of diamonds and expects to drive its diamond output to 36 million carats in 2014.