As the shopping mall model evolves and online retail grows, Smith shares his predictions for the future of physical stores.
2 Top Executives Fired Following Fatal Mine Accident
The accident happened at Alrosa’s Mir mine in August and killed eight workers.

Moscow--Two top Alrosa officials have been fired and 22 more reprimanded and fined following an August accident at the Mir Diamond Mine in Siberia that killed eight workers.
The mining company said following the fatal accident, the Russian government formed a committee comprised of four expert groups of Russian specialists and scientists.
Together, they determined that the accident was the cause of hydrogeological, technical and organizational factors, chief among them the hydrogeological complexity of the Mir deposit and the fact at the company did not fully take this complexity into account when designing the mine.
The commission identified 16 officials responsible for the violations, though Alrosa later expanded that list to 24.
The company announced it was firing Mikhail Lopatinsky, the director of the Mirny Mining and Processing Division, and the division’s chief engineer, Alexander Kisilichin.
The other 22 were reprimanded and fined. Alrosa said the committee also recommended that it review the competency of Alexey Burkser, head of Mir underground mine, and Chief Engineer Sergey Ekel.
The accident at Mir happened Aug. 4 when water rushed into the open-pit mine, initially trapping 151 workers underground.
Alrosa was able to bring 142 workers to the surface within hours of the accident and rescued one more the following day. Eight men remained trapped underground.
The mining company called off the search for the missing miners on Aug. 26.
In addition to recommending dismissals and disciplinary action, the commission also noted the improper execution of existing legislative and statutory acts and internal regulations by Alexander Chaadaev, who was the director of the Yakutniproalmaz Institute--established to solve problems of engineering, design and construction of mines and processing facilities--when the accident happened.
Alrosa said Chaadaev already has left the company and Andrey Zelberg, previously head of the company’s Technical Department, has taken his place.
Zelberg will be in charge of creating a forecasting system for future risks when developing diamond deposits.
The Mir mine remains closed.
The Latest

The trade show is slated for Jan. 31-Feb. 2 at The Lighthouse in New York City's Chelsea neighborhood.

January’s birthstone comes in a rainbow of colors, from the traditional red to orange, purple, and green.

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

Footage of a fight breaking out in the NYC Diamond District was viewed millions of times on Instagram and Facebook.


The supplier has a curated list of must-have tools for jewelers doing in-house custom work this year.

The Signet Jewelers-owned store, which turned 100 last year, calls its new concept stores “The Edit.”

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

Linda Coutu is rejoining the precious metals provider as its director of sales.

Sparkle with festive diamond jewelry as we celebrate the beginning of 2026.

The master jeweler, Olympian, former senator, and Korean War veteran founded the brand Nighthorse Jewelry.

In its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.

Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.

Mohr had just retired in June after more than two decades as Couture’s retailer liaison.

Shekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.

This year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.

Articles about crime, engagement rings, and a necklace worn in the World Series generated the most interest among readers.

As part of the leadership transition, Sherry Smith will take on the role of vice president of coaching strategy and development.

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

The new Bulova x Stetson designs highlight two animals often associated with the American West—the bison and the Texas Longhorn.

Its residency at Yamron Jewelers will run through May 2026.

From influential executives to innovative designers, we pay tribute to the people we said goodbye to this year.

The retailer is expanding into areas with large Indian and South Asian populations.

The Italian brand has opened its first flagship amid the peaks of the Dolomites in Madonna di Campiglio, Italy.

The new curation at the Natural History Museum of Los Angeles County showcases rare gem and mineral specimens in their uncut, natural state.

The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.





















