Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

ALROSA produced 34.6 million carats of diamonds in 2023

22 december 2023

By the end of 2023, the Russian diamond mining company ALROSA managed to fulfill its production plan and mine 34.6 million carats of diamonds, the government of the Yakutia Rupublic reported citing the company’s CEO Pavel Marinychev.

“Despite the negative external background, the company completely fulfilled the diamond production plan at 34.6 million carats. This is only slightly lower than last year’s figure (35.6 million carats),” TASS quoted the authorities as saying.

The head of Yakutia Aisen Nikolaev positively assessed the company’s results in 2023: “The ALROSA Group of Companies is the largest budget-generating industrial structure in our republic. The enterprise has fulfilled all the main production targets for 2023.”

“We would like to remind you that this year ALROSA paid dividends to shareholders for the first time in the last two years, and in general, it is expected that the company’s payouts to the republic’s budget will significantly exceed the initial forecasts and last year’s figure,” Yakutia's government said in a statement.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished