ALROSA Vice-President Andrey Polyakov has become World Diamond Council (WDC) President, succeeding Edward Asscher whose two-year term as President ended on May 22. Polyakov has served as WDC Vice President since 2015. WDC members come from the entire international diamond industry supply chain, from mining to retail. The group represents the diamond industry in the development and implementation of regulatory and voluntary systems developed by the United Nations and the Kimberley Process to eradicate trade in conflict diamonds. Polyakov’s role will be to continue the mission of the organization and to further protect the integrity and reputation of the Kimberley Process, the WDC said in a statement.
Polyakov has been an ALROSA management member for 12 years. Since January 2013 he has served as ALROSA’s Vice President responsible for client policy and by international cooperation. He was also one of the initiators of the Diamond Producers Association (DPA), and is a founding member of the DPA Board.
“Much was accomplished these past two years, including the passing of the first Strategic Plan in the history of the WDC,” said Asscher. “The role of the WDC in defending and upholding the KP is invaluable to the industry. I’m sure I speak for the full Board of Directors of the WDC when I say that we look forward to Andrey’s leadership and continuation of the progress made within the WDC and its enhanced engagement with the KP.” Polyakov thanked Asscher for his efforts on behalf of the WDC over the past two years. "Under Edward’s leadership, the WDC made huge progress in enhancing and improving its role in supporting and developing the KP.”