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

Bank of Russia approves stock split at Nornickel

22 march 2024

The Bank of Russia has approved the state registration of MMC Norilsk Nickel's decision to split its share stock 1 to 100.

As a result of the split, one ordinary share with a nominal value of RUB 1 will be converted into 100 ordinary shares with a nominal value of RUB 0.01 each.

The conversion will rely on the data effective as of the day of conversion and sourced from the records in accounts opened by the registrar responsible for the register of Nornickel’s shareholders. Pursuant to the company's decision, the shares will be converted on the tenth business day from the date of state registration of amendments to the resolution on the issuance of shares, i.e. on 4 April 2024.

Earlier, an Extraordinary General Meeting of Shareholders (EGM) voted to split the Company’s ordinary shares in order to increase their appeal to Russian investors and improve their liquidity on the Moscow Exchange.

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