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Business & investments

Semiprecious stones and mammoth tusks go to Turkey

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Two agreements for the supply of semiprecious stones and the beginning of preliminary negotiations on the supply of mammoth tusks - these are the results of the visit of entrepreneurs from Yakutia, organized by the Chamber of Commerce and Industry of the Republic together with the Center for Export Support of the Republic.

ALROSA sells large diamonds in Dubai for $9.5 mln

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Moscow, November 20, 2018 - ALROSA, the largest diamond mining company in the world, held special size (over 10.8 carats) rough diamond auction in Dubai. The overall revenue from sales totaled $9.5 million.

The Company sold 141 rough diamonds with total weight 2,140 carats. 28 companies were recognized as winners in different auction positions. Firms from India, Belgium, UAE, Israel, Hong Kong and Russia participated in the auction.

"Dubai continues to strengthen the status of one of the most important centers of the global diamond trade. On average, we have four auctions a year in this country, and we always see high interest from the diamond market participants. All the auctions that we have held here since the beginning of 2018 ended with a good premium, our total revenue was about $40 million," Evgeny Agureev, the Member of the Executive committee, Director of the USO ALROSA, said.

ALROSA and Dubai have long-standing partnership. In 2014, the Company signed a Memorandum of Understanding with the Dubai Diamond Exchange (DDE), within which the parties continue to cooperate on the Kimberley Process issues, exchange information and forecasts on the development of the diamond market.

Kazakh businessmen are interested in Yakut robots


Businessmen from Kazakhstan are interested in a robot cleaner created in Yakutia. If a startup is in demand by the market, they are ready to develop it in Kazakhstan and promote it on a large-scale in other Asian regions. According to Erkin Tegishil, a representative from the ‘Turnkey SERVICE’ group of companies, they plan to use the machines created by Yakut developers to clean swimmimg- pools and windows of skyscrapers.

Russian diamonds to be digitized

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Deputy Prime Minister - Presidential Plenipotentiary to the Far Eastern Federal District Yuri Trutnev discussed the implementation of the Digital Diamonds project in the Far East and the promotion of electronic tools to increase Russian diamond sales in the Asian markets with Hogi Hyun, Founder and Managing Director at Abacus Capital.