Russia’s diamond monopoly Alrosa and Kristall of Smolensk have resumed cooperation after a long break, as rough diamond supplies resumed in July, in accordance with an existing long-term agreement between the companies. By the end of 2009, Kristall of Smolensk plans to purchase rough diamonds worth at least US$100 million.
Fedor Andreev To Become President of Alrosa on Wednesday
Fedor Andreev will take over the position of President of Russian diamond giant Alrosa from Sergei Vybornov on Wednesday, according to a decision of the company’s supervisory board, chaired by Russian Finance Minister Alexei Kudrin. Andreev served as the First Vice President of Alrosa between 2002 and 2003, supervising the financial and economic direction of [...]
Vladlen Nogovitsyn Appointed Vice President of Alrosa
Vladlen Nogovitsyn has been appointed Vice President of Russian diamond conglomerate Alrosa Co Ltd. by Sergei Vybornov, the company’s President. Nogovitsyn, who has served in the diamond industry since 1992, will oversee the marketing policies of the company matters. Nogovitsyn served as the head of the center for sorting rough diamonds in the government of [...]
IDI Launches Diamond Portal in Russian
The Israel Diamond Institute Group of Companies (IDI) today launched a groundbreaking Russian version of the Israeli Diamond Industry Portal, the definitive B2B website for the Israel trade. The site was presented at a press conference by Avraham (Bumi) Traub, Chairman of the IDI Finance Committee and Honorary President of the Israel Diamond Manufacturers Association. [...]