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.

While global industrial diamond consumption will continue to grow, constant dollar prices for synthetic diamond products, including CVD diamond films, will decline due to more cost effective production technologies and high competition between low-cost producers in China and Russia, says a report by Merchant Research and Consulting, Ltd. Today industrial diamond is produced in 31 [...]

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 [...]

Viktor Dyomin has been appointed Vice President of Russian diamond conglomerate Alrosa Co. Ltd. By Sergey Vybornov, President of Alrosa. Dyomin will oversee the company’s interaction with public authorities, as well as a number of issues of social policy.