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.


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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

ALROSA set a record on tax payments to Yakutia

03 april 2024

The Russian diamond miner ALROSA paid almost 79 billion rubles ($856.4 million) in tax contributions to the Republic of Yakutia in 2023, which set a new record for the company.

The main part of the payments was the mineral extraction tax in the amount of 39 billion rubles, which was 75% higher compared to 2022. The ALROSA group accounts for 32% of Yakutia's consolidated budget revenues and 58% of the revenues received from all large enterprises of the republic.

“ALROSA is registered in Mirny, most of our subsidiaries and main production facilities are located in Yakutia. Therefore, 3/4 of all tax payments go to the state budget of the republic and the budgets of municipalities, providing almost a third of all revenues of the consolidated budget of Yakutia,” said ALROSA's CEO Pavel Marinychev.

“The amount of taxes paid from ALROSA last year was a record in the history of Yakutia.”

In 2023, ALROSA’s total tax and mandatory payments to budgets of all levels and extra-budgetary funds amounted to 101 billion rubles.

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