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ALROSA President meets with representatives of the U.S. diamond industry

  • Published in Economy
KMO 128025 02783 1 t218 142243

On September 27, ALROSA President Sergey Ivanov held a meeting with representatives of U.S. diamond industry: the President of U.S. Jewelry Council Ronald VanderLinden and the President of Diamond Dealers Club of New York Reuven Kaufman.

The parties discussed topical issues of the current state of the global rough and polished diamond industry and the prospects for possible cooperation,including work in the scope of industry organizations.

One of the topics of the working meeting was the resumption of the work of the ALROSA trade office in New York (Arcos USA), which, due to organizational reasons, practically has not operated since 2016. ALROSA is currently considering a number of candidates for the position of Head of the Arcos USA. The subdivision is expected to resume its operation, including the trade of diamonds, in late 2017 - early 2018.

"The U.S. is the world's largest diamonds jewelry consumption market. There is no doubt that ALROSA is interested in the presence and development of cooperation in this market, not only within the rough diamonds sales, but also within the trade in polished diamonds. And we are glad to see similar interest from our colleagues. Modern consumers express an increasing need of an understandable and guaranteed origin of stones in jewelry, and this is one of the competitive advantages that we can offer, "- ALROSA President Sergey Ivanov said.

The interaction of ALROSA with representatives of the United States is being implemented within the rough diamonds sales to the American companies under long-term contracts, spot purchases and tender sales, as well as through bilateral and multilateral industry cooperation, including World Diamond Council and promotion the interests of the industry in the Kimberley Process.