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Alrosa rough
Alrosa Expects October Recovery
Alrosa has predicted a return to pre-pandemic rough sales levels in October, observing a promising combination of midstream shortages and growing retail demand. Executives made the forecast Friday following the release of the miner’s second-quarter results,...
Mining Aug 16, 2020 Rapaport News
Anton Siluanov
Alrosa Reelects Finance Minister as Chairman
Alrosa’s supervisory board has reelected Russian Finance Minister Anton Siluanov as its chairman. He has held the position since 2015.Members of the board also reelected Aysen Nikolaev, head of the Republic of Yakutia, as first deputy...
Mining Jul 14, 2020 Rapaport News
Diamonds Do Good
Industry Leaders to Offer Insights in Virtual Session
Diamonds Do Good will host a virtual gathering in which key leaders from the diamond and retail sectors will offer insights and perspectives on the future of the natural-diamond industry.“The world has undergone a seismic change...
Polished Markets Jul 08, 2020 Rapaport News
Alrosa Inter International mine
Virus Cases Force Shutdown at Alrosa Mine
Alrosa has suspended operations at its International underground mine for up to two weeks after “several” employees tested positive for coronavirus.The Russian miner will only carry out work to ensure the safety and maintenance...
Mining Jun 25, 2020 Rapaport News
Christie's
Christie’s to Sell Anna Hu Jewels to Fight Covid-19
Christie’s will auction a special collection of jewelry by designer Anna Hu, with the proceeds going to support healthcare workers fighting against the coronavirus pandemic.The sale of the three pieces will benefit Diamonds That Care,...
Polished Markets Jun 10, 2020 Rapaport News
Alrosa
Alrosa Ups COVID-19 Aid to $4M
Alrosa has increased its contribution to the coronavirus relief efforts in the Yakutia region to $4.2 million, it said Wednesday.The funds will be used to purchase medical equipment and supplies, as well as personal protective gear, in Russia’s Yakutia...
Mining Apr 16, 2020 Rapaport News
Alrosa COVID-19 Donation
Alrosa CEO Trades Stock to Aid COVID-19 Relief
Alrosa CEO Sergey Ivanov has sold a portion of his stake in the company to help fight the COVID-19 pandemic.Ivanov offloaded half of his shares in the Russian mining company for RUB 18.5 million ($241,670), Alrosa...
Mining Apr 05, 2020 Rapaport News
Namdeb employee sorting through rough diamonds.
De Beers Cancels March-April Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
Rough Markets Mar 30, 2020 Rapaport News
Alrosa rough 150
Alrosa Relaxes Sales Terms Amid Market Crisis
Alrosa is allowing clients to defer up to 60% of their rough-diamond allocations at this month’s contract sale, claiming the concession will help buyers handle the current market difficulties.“Amid such market uncertainty, it wouldn’t be right to keep our...
Rough Markets Mar 15, 2020 Rapaport News
India letters
GJEPC: Coronavirus May Lead to Payment Delays
India’s diamond industry has asked banks and the government for help with its credit difficulties, as the coronavirus crisis has left clients in China and Hong Kong unable to pay bills.The Gem and...
Rough Markets Feb 12, 2020 Joshua Freedman
Alrosa
Alrosa Names New Director of Severalmaz
Alrosa has appointed Ravil Sanatulov to succeed Andrey Pismenny as general director of its Severalmaz mining division.Sanatulov began his mining career with Alrosa in 1986 as an equipment engineer in Mirny, prior to being promoted to various positions, the...
Mining Jan 15, 2020 Rapaport News
Alrosa Firebird
Graff Buys 21ct. Polished Yellow from Alrosa
Alrosa has sold its celebrated Firebird diamond to Graff, achieving one of the highest per-carat prices for a stone of its type in recent years, the miner said.Alrosa did not disclose the final sale price...
Polished Markets Dec 24, 2019 Rapaport News
Alrosa Kristall
Alrosa to Restructure Manufacturing Business
Alrosa’s supervisory board has approved a three-yearstrategy for its cutting-and-polishing divisions, including the integration of newacquisition Kristall. The plan, which it will implement between 2020 and 2022,will improve the efficiency of the Russian miner’s...
Manufacturing Dec 17, 2019 Rapaport News
Alrosa
Alrosa Sales Decline at Slower Rate
Alrosa’s sales fell 24% year on year to $258.7 million inSeptember, amid continued market weakness. However, the total was the highest in four months, and reflecteda noticeable recovery in the small-stone sector, the Russian...
Mining Oct 15, 2019 Rapaport News
Alrosa Kristall
Alrosa Expects Kristall Merger in September
Alrosa’s supervisory board is set to vote on the acquisitionof diamond manufacturer Kristall, which will enable the miner to focus onincreasing sales in the US and China, it said Tuesday. The deal, which will go up for consideration on September24,...
Polished Markets Sep 18, 2019 Rapaport News
Alrosa
Alrosa Consolidating Key Mining Division
Alrosa’s supervisory board will vote Tuesday on whether to close a subsidiary that controls two of its largest mines, bringing those deposits into its core business.The Russian miner owns a 97.5% stake in Alrosa-Nyurba, which holds...
Mining Sep 08, 2019 Rapaport News
Alrosa
Alrosa Deputy CEO Among Senior Exits
Yury Okoemov, one of Alrosa’s deputy CEOs and head of its diamond-cutting division, is leaving the Russian miner, the company said Tuesday. Okoemov has been with the Alrosa since 1993. After his departure,...
Mining Jul 31, 2019 Rapaport News
Alrosa rough diamonds with tweezers 150
Alrosa Launches Zarya Diamond Mine
Alrosa has started diamond production at a newdeposit in Yakutia with an expected mine life of 11 years, it said Wednesday. The Zarya pipe will help compensate for the diminishing resources at the miner’s Komsomolsky open-pit site, Alrosa...
Rough Markets Apr 18, 2019 Rapaport News
Alrosa
Alrosa March Revenue Plunges
Sales at Alrosa fell 33% year on year to $377.1 million inMarch, even as the rough market picked up after a weak start to the year. Rough-diamond proceeds were $369.2 million for the month, also 33% lower...
Mining Apr 11, 2019 Rapaport News
Alrosa Catoca mine 600
Alrosa, Endiama Aim to Develop Angola Industry
Alrosa has signed an agreement withAngola’s state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide...
Mining Apr 07, 2019 Rapaport News
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