Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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...

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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

ALROSA sells insurance business to SOGAZ Group

20 november 2014
ALROSA sold 99.74% of its shares in the authorized capital of ALROSA Insurance Company, OOO to SOGAZ, OAO.
The buy and sell agreement was signed on November 20, 2014. The transaction amount was defined at an open auction and reached RUB 620 million. The money was already credited to ALROSA's account.
The sale of the insurance company was carried out under ALROSA’s program aimed at disposing of non-core assets and focusing on the diamond business. The change of ownership in the insurance company will not affect the execution of its existing insurance contracts.
ALROSA Insurance Company is a universal insurance agency providing insurance protection for corporate and private customers. Its corporate clientele includes enterprises and companies within ALROSA Group, jewelry companies, large industrial enterprises, small and medium-size businesses operating in various industries, banks, leasing companies and automobile showrooms.
According to the Central Bank of the Russian Federation, the amount of insurance fees collected by ALROSA Insurance Company in the first half of 2014 reached RUB 433.8 million (which puts it on the 106th place in the Russian Federation), while the company’s insurance indemnities paid out to its customers reached RUB 134.2 million. Medical insurance occupies the largest share in the company's portfolio, or 43%. Property insurance offered to legal entities (except transport means and cargos) accounted for 17% of the collected fees; cargo insurance took up 16%, optional motor-vehicle insurance - 6% and compulsory civil liability motor-vehicle insurance - 2%.
The SOGAZ Insurance Group provides an umbrella for such insurance companies as SOGAZ, SK Transneft, SOGAZ-MED, SOGAZ-LIFE, SOT-TRANS, SOVAG (Germany), SOGAZ a.d.o. Novi Sad (Serbia), SOGAZ International Medical Center and SOGAZ Medservice. Currently, the Group's regional network includes more than 600 offices and sales offices throughout Russia.
ALROSA is the world's largest diamond producer by carat. The company is engaged in the exploration, production and sale of diamonds. ALROSA is mining diamonds in the Republic of Sakha (Yakutia) and Arkhangelsk Region. In 2013, the Company produced 36.9 million carats of diamonds earning RUB 168.5 billion in revenues.