ALROSA President Ivanov Meets Israel Diamond Industry Leaders

Rough Market
27/06/2017 18:53

Representatives of Israel's diamond industry want ALROSA to increase supplies of rough and polished diamonds through its tenders in Israel, the Israel Diamond Institute (IDI) said in a press release. The IDI said its president, Shmuel Schnitzer, and Israel Diamond Exchange (IDE) President Yoram Dvash met with Sergey Ivanov, President of ALROSA, for the first time since he became the giant Russian miner's chief in March. During the meeting, held in Moscow, Dvash and Schnitzer congratulated Ivanov on his new post, and "asked that ALROSA increases the supply of rough and polished diamonds through its tenders in Israel," the IDI said.

ALROSA said in a press release of its own that the parties at the meeting in Moscow discussed "topical issues of the diamond market and the current situation in the Israeli diamond industry." The Israel Diamond Exchange President told about new diamond manufacturing factories, projects for the development of Internet-trade in polished diamonds, and informed ALROSA’s management about the International Tender Center launched early this year – a trading platform for diamond producers. The Israeli diamond sector management also welcomed the efforts of ALROSA and other members of the Diamond Producers Association to resume the generic diamond marketing program. The DPA has increased its marketing budget from $6 million previously to $57 million this year. As for taking part in the financing of the DPA's campaigns, Dvash and Schnitzer promised they will strive to promote a financing program through the member bourses of the WFDB. Sergey Ivanov highly appreciated achievements of Israeli colleagues in the sphere of separate trade in natural and synthetic rough diamonds.