OurBuzz
IIJS Tritiya 2024 and IGJME Tritiya 2024 inaugurated in Bengaluru
The power-packed inauguration ceremony was graced by presence of Principal Chief Guest Dr. Selvakumar IAS, Principal Secretary to Govt- Dept of Commerce and Industries, Govt of Karnataka, Chief Guests Dr B Govindan, Chairman -Bhima Jewellery and Vinod Hayagriv, MD – C Krishna Chetty Group.Present at the inaugural ceremony were Dr Chetan Kumar Mehta, President- Jewellers Association, Bengaluru and other dignitaries of the GJ industry.
Representing GJEPC were Vipul Shah Chairman-GJEPC, Kirit Bhansali, Vice Chairman – GJEPC and Nirav Bhansali, Convenor, National Exhibitions –GJEPC, Sabyasachi Ray, ED- GJEPC and other CoA members.
DiamondBuzz
ACRA Has Reaffirmed Alrosa’s AAA(RU) Credit Rating With A Stable Outlook
ACRA Cited Miner’s Strong Operating Profile, Global Leadership, Solid Resource Base, High Profitability
Russian rating agency ACRA has reaffirmed Alrosa’s AAA(RU) credit rating with a stable outlook, citing the miner’s strong operating profile, global leadership in diamond mining, solid resource base, high profitability, low debt levels, strong liquidity, and robust corporate governance.
ACRA noted that Alrosa’s confirmed reserves can support more than 30 years of operations at current production levels. It also expects tightening diamond supply to support price recovery in the medium term.
The agency highlighted Alrosa’s profitability, with FFO before interest and taxes at 28%, projected to rise to 30% between 2026 and 2028.
Pavel Marinychev, CEO, Alrosa, said:
“The high assessment of ACRA for the third year in a row confirms the sustainability of the Alrosa business model, the quality of the management system and the financial stability of the company. This is an independent confirmation that the chosen strategy remains effective even in conditions of external turbulence. Despite geopolitical uncertainty, the company maintains leadership positions, financial discipline and consistently fulfils all its obligations.”
ACRA Has Reaffirmed Alrosa’s AAA(RU) Credit Rating With A Stable Outlook
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ACRA Has Reaffirmed Alrosa’s AAA(RU) Credit Rating With A Stable Outlook
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.