In connection with the difficult economic situation stemming from the crisis in the global diamond market, as well as a significant amount of capital investment in construction of underground mining, the Board of Russian diamond monopoly Alrosa has decided to propose to the company’s Supervisory Board to recommend to the shareholders’ meeting not to allocate [...]
Exploration & Mining
Russia’s Alrosa Signs Agreements with Rosy Blue, Diamond India and Ratilal Becharlal for $490 Million
ALROSA has signed three-year supply agreements with the Indian diamond manufacturers Rosy Blue, Diamond India Ltd. and Ratilal Becharlal & Sons for the amount of about US$490 million, in terms of the current market prices.
The contracts provide that the range and prices of the rough goods to be supplied will be agreed upon by the [...]
Europe
Alleged Diamond Smuggler Extradited to Russia; Suspected of Involvement of Trafficking of Over 30 Carats of Diamonds
pAlleged diamond trafficker Inga Kozubinu, a citizen of Moldova, has been extradited from Bulgaria to Russia, in a case that dates back nearly a decade./p
pKozubinu stands accused of being a member of an organized criminal gang based in Moscow that organized the trafficking of rough diamonds weighing over 30 carats and valued at nearly $1 [...]
Company News
Alrosa Sells All Its Mining Production to the Market
pOver the first two months of 2010, Russian diamond miner Alrosa has registered stable demand for rough allowing it to sell all of its mining production on the market. The company has sold over US$667 million worth of rough and polished diamonds in January and February 2010./p
Africa
U.S Diamond Jewelry Accounts for 55% of Total Jewellery Sales Says New Report
The report ‘Worldwide Jewelery Market Demand and Opportunities’ covers global gems and jewellery industry structure, market size, trends and opportunities prevailing. In terms of geography the report covers the United States, which accounts for the largest percentage of the market, European Union including Romania, Bulgaria and Germany.
The structure of the jewellery industry is global in [...]
Africa
New report Covers Worldwide Jewelry Market Demand and Opportunities
Research and Markets has announced the addition of the “Worldwide Jewelry Market Demand and Opportunities” report to their offering.
The report covers global gems and jewelry industry structure, market size, trends and opportunities prevailing. In terms of geography the publisher has discussed United States, which accounts for the largest percentage of the market, European Union including [...]
Company News
Fitch Ratings Upgrades Russian Diamond Producer ALROSA to ‘B+’
Fitch Ratings has upgraded Russian diamond producer ALROSA Company Limited’s (ALROSA) Long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘B’, removed it from Rating Watch Negative (RWN) and assigned a Stable Outlook. Fitch has also upgraded ALROSA’s senior unsecured rating to ‘B+’ from ‘B’ and removed it from RWN. ALROSA’s Short-term IDR is [...]
Company News
Alrosa Rough Diamond Output $264.6 Million in 2009 According to Unaudited Results
During a regular meeting of the ALROSA Executive Board in Udachny in Yakutia, chaired by President Fyodor Andreev, the executive board reviewed the unaudited production results and financials of the ALROSA mining and processing divisions for 2009. The technical and performance indicators of the processing plants and dredges meet all the target parameters. The aggregate [...]
Industry News
Auction of Large Rough Diamonds (10.8 Carats and Up) to Take Place March 16 in Russia
There will be a public auction of special size rough diamonds weighing 10.8 carats or more at the Gokhran in Russia on March 16, 2010.
In order to take part in the bidding, a company must submit an application in writing by February 26, 2010, and pay a deposit on 30,000 Russian Rubles.
Company News
Russian Diamond Miner Alrosa Co. Ltd. has its Long-Term Corporate Credit Rating Reinstated by Standard & Poor’s
Standard & Poor’s Ratings Services has reinstated its long-term corporate credit rating on
Russian diamond miner ALROSA Co. Ltd. (Alrosa) at ‘B+’ and the short-term rating at ‘B’. Standard & Poor’s suspended the ratings on April 7, 2009. The outlook is positive. The reinstatement follows Standard & Poor’s receipt of sufficient financial and operating data on [...]
Company News
Clark McEwen Appointed as Marketing Manager of Rio Tinto Diamonds as Patick Coppens Becomes Rio Tinto Diamonds Sales Manager
Rio Tinto, one of the world’s leading diamond companies, is reorganising its Antwerp-based sales and marketing management team.
Integral to this reorganisation is the appointment of Clark McEwen to the position of Marketing Manager, reporting to Jean-Marc Lieberherr, Rio Tinto Diamonds General Manager, Sales and Marketing. Clark will be based in Antwerp, effective March 1. Clark [...]
Europe
Vicenzaoro First 2010 Closes With Signs of Confidence for the Future
The first international gold and jewellery show in the annual fair calendar, Vicenzaoro First 2010, has ended.
The figures for the flow of visitors to Vicenzaoro First fully confirm its centrality and importance for the sector. The presences of accredited operators at the end of the sixth day numbered 17,969 compared with 13,154 in 2009. The [...]
