On Wednesday, during the morning session on the Moscow stock exchange ALROSA traded at 86.99 rubles., And the company's market capitalization exceeded 640 billion rubles. Although then the quotations fell slightly, observers point out that in the medium term we can expect a further 30% growth in the value of shares of the miners.
According to analysts, the capitalization of ALROSA is growing against the background of increasing global demand for diamonds, the positive news flow and good performance of the company, the newspaper "Izvestia", pointing out that, according to experts, before the end of the year should not be expected to reduce the company's share price.
As a result of the secondary offering of shares of ALROSA on the market 34% of its securities in free float, which is quite optimal from the point of view of observers who believe that in the near future, further deployment of state-owned is unlikely, "Izvestia" writes.
ALROSA representative told "Izvestia" that, according to the company, the growth of capitalization is primarily associated with record financial performance in recent years, a new dividend policy and significant benefit to shareholders. Also on the growth of quotations influenced the increase in inventories, the discovery of new deposits and positive expectations regarding the state of the market and sales potential, noted in the company ALROSA.
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Dubai Multi Commodities Center (DMCC), one of the world's leading commodity trading centers, held the second two-day annual Middle East Gems & Jewelery Forum (MEGJF) in the business center "Almas" in Dubai. More than 35 industry leaders and more than 150 delegates attended the event. Among them were representatives of such companies as Damas, Malabar Gold & Diamonds, Dhamani and Fabergé.
MEGJF, which was created to give industry representatives the opportunity to assess the prospects for trading in precious stones and jewelery in the Middle East, attracted many industry members - from craftsmen and designers to industry experts from around the world.
Speaking of the event and the future of Dubai as a global center for gemstones and jewelry, Ahmed Bin Sulayem, Executive Director of DMCC, said: "Dubai's foreign trade outside the oil sector reached 652 billion dirhams in 2015 ($ 177.5 Billion.) The UAE jewelry industry is one of the five most important sectors of the country's economy.The UAE has a unique position that facilitates trade between India and China, the largest markets for precious stones and jewelry in the world.On MEGJF, many topics were oriented They were devoted to the future and were devoted to discussing how new technologies led to the revolution of our industry, as well as the prospects that we are facing in the Middle East markets. "
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