Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

ALROSA approves a news strategy for its cutting and polishing business

18 december 2019

ALROSA’s Supervisory Board approved the Strategy for the development of its cutting and polishing complex for 2020-2022, including the plan of integration of the Smolensk diamond factory Kristall into ALROSA Group.
The strategy will help increase the operational efficiency of the company’s cutting business, as per the report from ALROSA.

Image credit: Kristall

The company intends to improve product mix efficiency, optimise production cycle and create of a consolidated sales system for polished diamonds.
Fancy colored and large colorless diamonds will be cut in Moscow. At early stages of the integration, cutting of colorless diamonds weighing from 1 to 10 carats will be moved to Smolensk. Small-size diamonds will be cut in Barnaul and Smolensk. The total cutting volume will exceed 200 thousand carats of rough diamonds.
Today, the ALROSA Group includes several diamond cutting companies: Diamonds of ALROSA branches in Moscow and Barnaul, and Kristall diamond factory (Smolensk), which was purchased from the state in October this year. Together they account for more than 60% of diamond cutting and polishing in Russia.
In October, it was reported that ALROSA acquired the federal-owned Kristall from the Federal Property Management Agency for $29 million.
Kristall is the largest diamond manufacturer in Russia and Europe, as well as the major exporter of polished diamonds in the country.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg