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ALROSA CEO Sergey Ivanov pays official visit to Israel Diamond Center

14 february 2019
ALROSA Chief Executive Officer Sergey Ivanov paid an official visit to the Israel Diamond Exchange (IDE), where he was hosted by IDE President Yoram Dvash and IDE Managing Director Eran Zini, says a press note from IDI.

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         Image credit: IDI


As per the statement, while providing an overview of the Israeli Diamond Industry, IDE President Dvash called on ALROSA to expand its rough diamond supply to Israel. Dvash also explained that the Israeli industry focuses on large, high quality diamonds, with a cadre of expert craftsmen specializing in polishing large stones. “We don’t have mines or a large retail market in Israel, but we have history, knowledge and capital. What we don’t have is enough rough,” he said. In addition, ALROSA CEO Sergey Ivanov was shown several of IDE’s new initiatives – the Alibaba partnership, Technological Innovation Center, International Tender Center and newly launched Auction Center. Ivanov also met with IDE Board of Directors members Hezi Blum, Ezra Boaron, Zvi Zamir, Nissim Zuaretz, Meir Dalumi and Israel Diamond Manufacturers Association President Jacob Korn.
Emphasizing IDE’s importance to ALROSA, Ivanov reportedly stated that more than 100 Israeli companies compete in each of the multiple tenders of large rough stones that ALROSA holds in Israel every year. As to expanding rough supply to Ramat Gan, Ivanov said, “Israel is a major partner in our diamond business. We are ready to discuss new opportunities.”

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished