Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

New head of ALROSA says no need to change the company's strategy

23 june 2015
( - The new president of ALROSA Andrei Zharkov says there is no need to change the long-term strategy previously adopted by the company. The "manual adjustment" of some of sales policy mechanisms is possible to increase efficiency during recession or rising prices.
"I don't think it is now necessary to adjust the strategy and the long-term program of ALROSA approved by the Supervisory Board of the company. The company has taken certain decisions on strategic development and it is moving in accordance with them, "- said Zharkov to Interfax on the sidelines of the St. Petersburg International Economic Forum.
ALROSA's strategy suggests the focus on its core diamond business and the disposal of its non-core assets and unprofitable lines of business. The strategy was adopted in late 2013 before the company's IPO.
ALROSA's president didn't rule out the possibility of transformation of the diamond sales policy in accordance with that of De Beers.
"It is possible as one of the 'manual adjustment' elements to follow the market situation. But so far we are satisfied with our system of sales," – said Zharkov. "Long-term contracts with our major customers are, as before, the basis of our marketing system. 'Manual adjustment' of some of the elements of supply is possible to maximize efficiency and get the best possible prices during recession or growth periods. We are constantly undertaking these "tactical maneuvers" from month to month."
ALROSA management has no plans to change the development of low-margin deposits of Yakutia (Verkhne-Munskoye and Zarya), said Zharkov.