Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

An opportunity to show your products and occupy your niche

Recently, GOLDNET.MARKET, the first jewellery wholesale marketplace, appeared on the Russian jewellery market. Vladimir Pilyushin, one of the founders of GOLDNET.MARKET, editor-in-chief of the ‘Russkyi Yuvelir’ (Russian Jeweller) magazine...

14 december 2020

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