Tuesday, June 13, 2017

ALROSA President Andrew Zharkov wrote a letter of resignation from his post, he told "Interfax" a source in the company. This Zharkov said at a planning meeting on Tuesday. Statement of ALROSA Supervisory Board will review the company. The issue has not yet formally to the Supervisory Board are not imposed, the source added.

At Bloomberg News last week, citing its own sources reported that the Russian government is discussing the possibility of changing the president of ALROSA. It was reported that Zharkov, president since April 2015, sold with the officials in their views on the development of the company. Sources of "Interfax" in the company repeatedly noted that Zharkov have disagreements with the officials in the first place with the Finance Ministry, whose head Anton Silualov heads the supervisory board of ALROSA.

At the end of December last year Zharkov, as part of the supervisory board, voted against the adjustment of the budget, providing a reduction of long-term finvlozheny, kapraskhodov and labor costs, and exploration. He considers spending cuts "strong and unjustified", explained the representative of ALROSA. The head of ALROSA is a state representatives, and adjustment has been supported by a majority of his colleagues in the council.

Bloomberg also reported that the only candidate for the post of head of ALROSA is a 36-year-old son of the former head of the presidential administration Sergei Ivanov, who is now vice president of the Savings Bank, and led the insurance company SOGAZ to April 2016.

Zharkov possible successor may be a former senior vice president of ALROSA Igor Ryaschin, who served as president of the company after the resignation of the former head of Fedora Andreeva in September 2014 and prior to the appointment Zharkov in April 2015, sources previously told "Interfax". Ryaschin retired from Alrosa after the contract expires in June 2016 and soon became an adviser to the Minister of Finance.
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1 comment:

Pearl Necklace said...

The export of diamonds from India in September 2015 decreased by 28% to $ 1.9 billion compared to $ 2.66 billion in September last year. In terms of output, exports declined from 3.63 million carats in September 2014 to 3.30 million carats in September 2015. This is evidenced by the data provided by the Council for the Promotion of the Export of Gems and Jewelry (Gem & Jewelery Export Promotion Council, GJEPC) of India.
From April to September this year, polished exports from India fell 14% to $ 10.42 billion, from $ 12.1 billion a year earlier. By volume, it fell from 18.16 million carats to 16.68 million carats in the reporting period.
Import of diamonds in September 2015 amounted to $ 1.05 billion, down 30%, from $ 1.50 billion in September 2014. In terms of volume, rough diamond imports declined from 13 million carats last September to 12, 34 million carats in September this year. During the period from April to September 2015, the import of diamonds to India fell by 26% to $ 6.9 billion, from $ 9.4 billion in September last year. The volume of imports for this period also fell, from 75 million carats to 63.18 million carats.
The export of rough diamonds from India in September 2015 fell by 55.5%, to $ 67.28 million, compared to $ 151 million a year earlier. By volume, this figure fell from 2.6 million carats to 2.25 million carats, a drop of 37.5%.
From April to September 2015, diamond exports amounted to $ 546.73 million compared to $ 759.75 million in the same period last year, down 28%. The volume of diamond exports for this period fell by 20.5%, from 17.1 million to 13.6 million.
Imports of diamonds to India declined in September by 79% to $ 234.8 million, from $ 1.1 billion in September 2014. However, from April to September, this figure fell by 62%, from $ 3.74 billion last year to $ 1.42 billion this year.