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ALROSA Remains the Industry Leader in Social Investments

Study is based on the official reports of companies who mine precious metals and rough diamonds.

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(PRESS RELEASE) MOSCOW – ALROSA confirmed its status as a leader among gold and diamond mining companies in terms of investments in social programs, according to a study conducted by the PwC Advisory.

The study, which is based on the official reports of companies who mine precious metals and rough diamonds, covers the period from 2016 to 2018 and focuses on key aspects of sustainable development, including investments in social programs and environmental protection measures, energy and water consumption, greenhouse gas emissions, and the number of female employees.

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Every year ALROSA allocates 3% of its revenue to social expenses and remains the absolute industry leader by this indicator. In 2018, the company allocated almost $168 million for social investments, including regional development programs, corporate social programs for employees and their families, as well as about 500 social and charitable projects (comparative tables for other companies in the industry are attached).

ALROSA’s expenditures on environmental activities exceeded $76 million in 2018, which amounted to 2.2% of the company’s consolidated revenue. The company strives to minimize its environmental impact and is responsible for a wide range of measures, including investments in treatment facilities, land reclamation, financing of environmental studies, monitoring and other initiatives.

In accordance with GRI reporting standards, the disclosure of information about the personnel indicates that the company supports equal opportunities. According to a PwC research, ALROSA employs the highest percentage of women – 34% of the total number of employees. In terms of the average number of hours of personnel training, the company is slightly behind other representatives of the industry; however, ALROSA has a powerful training center – about 99% of the total number of professional development courses are held at ALROSA’s own site.

ALROSA is also significantly ahead of other companies in terms of the share of recycled water supply and reused water in production processes – currently this share accounts for over 90% of the total water intake.

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As can be seen from the study, the company continues to reduce greenhouse gas emissions every year, and gradually upgrades its mining and passenger transport, converting it from diesel and gasoline engines to gas ones. As of 2018, 300 units of the company’s transport are powered by natural gas, and greenhouse gas emissions in the CO2 equivalent have been reduced by half over the past five years.

In 2016-2018, ALROSA significantly reduced the share of carbon-intensive fuels in total energy consumption. Thus, the amount of coal consumed decreased by 80%, diesel fuel – by almost 90%, and crude oil – by half. Moreover, the share of renewable energy exceeds 90% in the total amount of energy consumption.

“ALROSA is a company of regional significance in Yakutia, with about 50,000 people living in our monotowns today. Therefore, social responsibility is our top priority and we continue to be one of the leaders in this area. We also contribute to the social and economic development of the Arkhangelsk region, where our subsidiary Severalmaz operates. Our social investments in 2018 amounted to almost $168 million. Separately, the company finances environmental projects, for which we allocated over $76 million. These results achieved by ALROSA last year were made possible thanks to the efforts of all the company’s employees,” said Sergey Ivanov, CEO of ALROSA.

“Owing to its city-forming roots, Alrosa has long been a leader in community engagement. In the past few years, the board and the management has strengthened the focus on embedding the best of class HSE practices across all our facilities as we see this as a non-negotiable terms of doing business,” said Maria Gordon, member of the Supervisory Board, senior independent director, chairman of the Audit Committee.

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Jewelers Block Insurance Specialists Surya and AIB Merge

The combined businesses will continue under the Surya and AIB names.

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(PRESS RELEASE) NEW YORK — Surya Insurance Services, LLC is merging with Associated Insurance International Brokers Inc (AIB). The combined businesses will continue under the Surya and AIB names, both offering jewelers block insurance and other specialized insurance for the diamond and jewelry industry. Janak Dave will continue as Surya CEO and AIB founder Elan Manham will join Surya as President.

“The combined strength of the two companies will allow Surya to continue to grow to provide even better service to all of our customers,” Dave says. “In addition to growing our jewelers block insurance business, we plan to offer more insurance products specifically tailored to the needs of the industry’s top diamond and jewelry professionals, including covering the risks of rough processing, repolishing and the setting of important diamonds and gemstones.”

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Surya Insurance Services is dedicated to serving the insurance needs of the diamond and jewelry industry. Surya was founded in New York in 2005 by Surya Capital to serve the diamond and jewelry industry. AIB was founded by Elan Manham in 1993 to provide jewelry and diamond wholesalers and retailers with Jewelers Block Insurance.

“The financial strength of Surya will give us better relationships with underwriters and enable us to better serve our customers and offer enhanced coverage,” Elan Manham says. “I look forward to working with the Surya team to grow the business.”

The combined companies will be able to provide A+ rated custom insurance solutions tailored to the individual needs of each client, including on premises, in transit, worldwide travel, trade and trunk show, unattended auto, bank vault and memo coverage.

Surya and AIB customers include more than 300 diamond wholesalers, jewelry manufacturers, jewelry retailers, pawnbrokers, and fine arts dealers, from small independent companies to some of the world’s most important diamond sightholders.

For more information about Surya and AIB insurance products and services, contact a specialist at 800-242-7766 or visit www.suryains.com.

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Press Releases

Diamonds Do Good Announces Winners of 2nd Annual Millennial-Focused Proposal Contest

Finalists will be flown to Canada to see the real impact of natural diamonds.

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(PRESS RELEASE) In recognition of Valentine’s Day, Diamonds Do Good announced the winners of the second annual ‘Real Stories. Real Diamonds. Real Impact’ video proposal contest. A third year of the proposal contest is now being planned.

The winning couple of this year’s contest, Nicole and Isaiah, hail from North Carolina and were engaged during a trip to Ireland. “I love simple and natural… surrounded by the natural beauty of Ireland, the natural beauty of the diamond and my beautiful fiancé, our proposal story is one I will never get tired of telling” says Nicole.

Nicole and Isaiah will experience the natural beauty of the Northwest Territories of Canada, the third largest producer of natural diamonds. There they will see firsthand the impact natural, mined diamonds have had on the country and to share their experiences through social media.

Videos were judged by digital media influencers @thediamondsgirl, @weddingdiary and @roamaroo with combined followers numbering over 2,000,000.

“The contest is helping boost consumer understanding of the real, positive impact for communities of natural, mined diamonds,” says Executive Committee member Rebecca Foerster, president of Alrosa USA.

D.E.F President, Anna Martin, senior vice president of GIA, echoes, “Educating the younger generation on the good diamonds do and inviting them to engage in this narrative will help boost consumer confidence in, and ultimately demand for, diamonds.”

The winning video can be seen on DiamondsDoGood.com/myproposalcontest.

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Press Releases

Fortuna Completes First Sale of New Decade

It featured a diamond that brought $40,625.

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(PRESS RELEASE) On February 6, 2020, Fortuna held its first sale of the new decade with exciting results that set the NY-based jewelry and watch auction house apart from current jewelry sale trends. The Fine Jewels sale offered a well-rounded selection of fine estate diamond jewelry and designer pieces, and achieved a nearly 70% sell-through rate—a great feat for this time of year.

The sale brought in bidders and consigners from around the world, featuring items consigned from countries like Spain, and bids coming all the way from Kuwait. It was also the first of Fortuna’s auctions to be streamed live on Facebook, highlighting the boutique auction house’s global reach.

Among the sale highlights sold was a 4.13-Carat Emerald-Cut Loose Diamond. This fine diamond came accompanied by a GIA diamond report stating the stone as possessing G color and VVS1 clarity. This particular diamond, which any jeweler would be thrilled to turn into an engagement ring, achieved $40,625 at auction. Most of the important stones in this sale came with a GIA certificate, which industry insiders trust as the ultimate stamp of verification of quality.

The sale also featured rarely seen designs, like that of a Tiffany & Co. Aquamarine Morganite and Diamond Drop Necklace. The piece, which was the property of a lady, had never been worn and was in excellent condition. The stunning lot which was crafted in platinum in a spectacular cascading design, achieved an impressive $30,000 at auction—more than double its starting bid.

Upcoming Fortuna Auction Sales

The next Fine Jewels auction on Fortuna’s calendar is set for March 19 at 1PM EDT, and is still accepting consignments. If you have jewelry or watches you would like to submit for auction, visit our website at www.FortunaAuction.com or call our office at (212)389-9040 for a free valuation.

Tiffany Co. Morganite Aquamarine Necklace

4.13ct Emerald Cut Loose Diamond

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