Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...

30 july 2024

ALROSA supervisory board to hold meeting on dividend payments for 2023

09 april 2024

The supervisory board of the Russian diamond mining company ALROSA will hold a meeting on April 12 at which it will consider the distribution of dividends for 2023, TASS reports citing the company's representatives.

Also on the meeting agenda are questions about the preliminary approval of the annual report, the approval of the list of candidates for voting for elections to the company’s supervisory board and the convening of the annual meeting of shareholders.

Based on the results of the first half of 2023, the company paid dividends in the amount of 3.77 rubles per share. ALROSA’s profit according to IFRS amounted to 85.1 billion rubles in 2023.

Earlier, an informed source familiar with the company told Rough&Polished that the Gokhran of Russia has been purchasing diamonds from ALROSA since the beginning of 2024. According to him, the corresponding agreement between the diamond miner and the Russian Ministry of Finance was reached in December last year due to sanctions imposed by the EU and the Group of Seven (G7) countries against Russian diamonds.

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