Supermodel Naomi Campbell, recently in the news for her appearance at the war crimes tribunal for former Liberian President Charles Taylor over her alleged receipt of conflict diamonds from him, is back in the news again in connection with diamonds. Russian Oligarch Vladislav Doronin apparently gave Ms. Campbell a diamond necklace worth over $200,000 for [...]
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 [...]
Moody’s Investors Service has changed the outlook to stable on the Ba3 corporate family rating of Alrosa Co Ltd. (“Alrosa” or “the company”) and Ba3 / LGD 4 (50) ratings on the senior unsecured guaranteed notes of Alrosa Finance S.A. The change in the outlook is driven by the improvement in the diamond market reflected [...]
The Court of Justice has set aside the judgment of the General Court and upholds the Commission’s decision making binding the commitments offered by De Beers to cease all purchases of rough diamonds from Alrosa. In adopting the decision, the Commission did not make an error of law or a manifest error of assessment or [...]
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 [...]
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 [...]
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 [...]
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
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 [...]
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 [...]
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 [...]
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 [...]