Exclusive
Forging a new legacy: Tshenolo Ntshekang on building a black-owned diamond beneficiation business in South Africa
In an industry historically defined by limited access and foreign dominance, Tshenolo Ntshekang is carving a new path. The founder of Banzi and Karolo Projects, a black-owned diamond beneficiation business, Ntshekang, represents a growing wave of...
03 november 2025
Mahiar Borhanjoo returns to ‘The Heart Of The Diamond Business’
Having started his career in the diamond trade at De Beers in London, Mahiar Borhanjoo returned to the diamond giant last year as Chief Commercial Officer after working for a decade for other diamond companies. Mahiar explains why he returned to De Beers...
27 october 2025
Mubri president Ali Pastorini: You just need to play a transparent game and do everything possible to attract clients
Ali Pastorini, co-owner of the DEL LIMA JEWERLY and president of the Mubri International Association, which unites more than 2,500 wholesalers, retailers, and designers from 18 countries. In this interview with Rough&Polished Ali Pastorini talks about...
20 october 2025
Dr M'zée Fula Ngenge: Diamond industry must embrace transparency, new sales models to survive
The global diamond industry must fundamentally overhaul its opaque and inefficient sales systems to survive a severe price slump and compete with lab-grown stones, according to Dr M'zée Fula Ngenge, Chairman of the African Diamond Council (ADC)...
13 october 2025
There will continue to be a bifurcation between natural and synthetic diamonds, and people will return to natural stones, Billiton Diamond Auctions Director Antony Dear believes
Antony Dear began his career in the diamond business in 1991 and is experienced in all the available diamond trading systems to date. In an exclusive interview with Rough&Polished, Antony Dear speaks about the current state of diamond auctions and tenders...
06 october 2025
President of ALROSA ordered disciplinary sanctions following the accident at Mir
On November 10, Rostekhnadzor, Russia’s Federal Service for Environmental, Technological and Nuclear Supervision, announced the findings of a commission on technical investigation of the causes that had led to the accident at Mir. The results of the investigation were handed over to the President of ALROSA during his meeting with Alexey Aleshin, the head of Rostekhnadzor. The commission came to the conclusion that the accident was caused by a set of hydrogeological, technical and organizational factors. One of the main reasons was the anomalous hydrogeological complexity of the deposit due to a system of unfavorably underlying cracks in the structural fracture. Among the technical reasons, the commission listed a number of adopted design decisions. In particular, the project of "dry conservation" implemented for the mine’s quarry in the early 2000s did not take into account the possibility that ore and rocks could be washed out. In particular, the design organizations did not fully take into account the complex geological and hydrogeological features of the field. The commission also identified 16 officials responsible for violations of industrial safety requirements that had led to the accident. The management of ALROSA was requested by Rostekhnadzor to issue an order for the company specifying a full list of executives and their personal responsibility for the accident. In line with the order signed yesterday by Sergey Ivanov, the list of responsible persons was expanded to 24 people and included the top managers of the Mir mine, Mirny Mining Division, ALROSA and the Yakutniproalmaz Institute.
Following this order, Mikhail Lopatinsky, Director of the Mirny Mining Division and Alexander Kisilichin, its Chief Engineer were suspended from their positions with subsequent dismissal from the company for improper performance of their duties and weak operational supervision. The other responsible persons, including the company’s top managers, were reprimanded and penalized materially. The order also instructed to consider if Alexey Buxer, the chief of the Mir underground mine and Sergey Yekel, the mine’s chief engineer were matching their positions.
In addition, the order noted the improper execution of the existing legislative and other normative acts, as well as the company’s internal regulations by Alexander Chaadayev, who was in charge of the Yakutniproalmaz Institute at the time of the accident. This prevented to predict the danger during the mine’s operation. Alexander Chaadayev left the company and was replaced by Andrey Zelberg, the former head of the technical department of ALROSA. One of the main tasks for the new director of the institute will be to organize a comprehensive study and audit of the design solutions at all ALROSA’s facilities. In addition, he will be responsible for creating a system for forecasting risks that may arise in the future while developing mineral deposits.
