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

Russian government has allowed ALROSA to offer two unique polished diamonds at international auctions

27 november 2014
Russian Prime Minister Dmitry Medvedev signed a decree permitting ALROSA, the world’s largest diamond producer by carat, to export two unique polished diamonds weighing 52.25 carats and 54.09 carats and put them up for sale on overseas markets, TASS reported on Thursday.
This means that ALROSA has now the right to take these two unique diamonds to international auctions, the company’s press service explained to TASS.
ALROSA’s spokesperson added that these diamonds had been cut by Brillianty ALROSA, the miner’s manufacturing subsidiary, and were to be sold through international auction houses. The spokesperson did not disclose the possible terms of sale.
The permission to export these gems had to be received due to the existing legislation. The established regulations in Russia stipulate that rough diamonds weighing over 50 carats and polished diamonds over 20 carats may be considered unique if they have appropriate characteristics. In case a diamond is recognized as unique, its export is possible only after obtaining a special permit and only if Gokhran (Russia’s state repository) and Yakutia’s Komdragmet (Committee for Precious Metals and  Gemstones)  will not lay claim to such a stone.
Last year, ALROSA agreed to collaborate with Sotheby's, and this year - with Cristie's, through which the company has already sold several diamonds. The goal of such collaboration with these prominent international auction houses is to promote Russian diamonds and the brand of ALROSA in international markets.
ALROSA is engaged in the exploration, production and sale of diamonds. The company is mining diamonds in the Republic of Sakha (Yakutia) and Arkhangelsk Region. In 2013, ALROSA produced 36.9 million carats of diamonds, while its revenue reached RUB 168.5 billion.
The largest shareholders of ALROSA are the Russian Federation (44%) and the Republic of Sakha (Yakutia) (25%). The company’s current free float is estimated at 23%.