On May 20, 2011, the Executive Committee of the Company met in Moscow chaired by ALROSA’s President Fedor Andreev. The members of the Executive Committee considered preparation of its transportation and supply structures to the 2011 navigation. The total navigation supply is to exceed 386 tons in 2011. The Executive Committee instructed related subdivisions, services [...]
A stunning diamond Faberge bracelet is one of the highlights of the Russian Sale, taking place at Bonhams on 8th June at New Bond Street. The bracelet is estimated to sell for £70,000 – 100,000. Created by senior Faberge workmaster August Holmstr?m circa 1900, the flexible bracelet is composed of twelve diamond-set sections, mounted with [...]
In IQ2011 ALROSA Group increased diamond production by 16% compared to the level of 2010. OJSC ALROSA’s operating profit in IQ2011 is at the level of 2010. OJSC ALROSA`s IQ2010 net income is 21% above IQ2010. Stable diamond production ALROSA Group has increased total amount of diamond production from 8,6 mln ct in IQ2010 to [...]
Russia’s ALROSA plans to develop diamond deposits that it won at an auction by Russia’s State regulator for the usage of natural resources. The deposits, located in the Republic of Sakha (Yakutia), Russia, are alluvial deposits at “Ruchey Gusiny”, “Ebelyakh” and diamond pipe “Dalnyaya”. The total reserves of the diamond deposits are said to be [...]
On October 20, 2010 the Executive Committee of Russian diamond giant ALROSA held its regular meeting under the chairmanship of ALROSA President Fyodor Andreev. One of the items on the agenda was the corporate program of innovative development for the period up to 2018 developed by a few of the Company’s functional departments in collaboration [...]
On Oct. 19, 2010, Standard & Poor’s Ratings Services raised its long-term corporate credit rating on Russian diamond miner ALROSA Co. Ltd. (Alrosa) to ‘BB-’ from ‘B+’. The ‘B’ short-term corporate credit rating was affirmed. The outlook is stable. At the same time, we assigned an issue rating of ‘BB-’ and a recovery rating of [...]
During a meeting of the ALROSA Supervisory Board in Moscow, chaired by Vice Premier of the Russian Federation, Minister of Finance of the Russian Federation Alexey L. Kudrin, the Board considered adjusting the Company’s financial targets for 2010. The proposal to adjust financial and production targets for 2010 was based on a number of factors, [...]
During a meeting of the ALROSA Supervisory Board in Moscow, chaired by Vice Premier of the Russian Federation, Minister of Finance of the Russian Federation Alexey L. Kudrin, the Board considered adjusting the Company’s financial targets for 2010. The proposal to adjust financial and production targets for 2010 was based on a number of factors, [...]
On September 27, 2010 the ALROSA Market Conjuncture Panel resolved that, effective from January 1, 2011, value added tax (VAT) charged on domestic rough diamond sales in the Russian Federation should be payable by customersup-front. From January 1, 2008, exercising the right granted to it as a taxpayer under Par. 5, Article 149 of the [...]
Presidential Decree of 20 September 2010 gyu N 1137 “On Approval of the importation into the Russian Federation from countries outside the Customs Union within the EurAsEC, and export from the Russian Federation in the countries of precious metals, precious stones and commodities containing Precious Metals 1. To approve the attached Regulations on the Importation [...]
On September 13-21, the 41st international auction to sell rough of special sizes was held during the Hong Kong Jewellery Fair. 33 companies from Hong Kong, Israel, Belgium, and India were invited; and 24 of them took part in the auction. 1605.54 carats of ALROSA’S rough was put out (89 lots), including 3 diamonds over [...]
Russia’s Ministry of Finance is holding an open auction for sale on the domestic market of special size rough diamonds weighing 10.8 carats or more on October 26, 2010. The deadline for applications is October 8, 2010. The deposit for participation in the auction for sale on the domestic market of diamonds in special sizes [...]