AWDC and ALROSA Strengthen Ties

Rough Market
06/12/2021 15:11

The Antwerp World Diamond (AWDC) and ALROSA renewed their cooperation agreement to further expand and strengthen their relationship over the course of the next years.

According to AWDC, the objective of this new cooperation agreement is to improve the scope and efficiency of the ties between both organizations and to commit to supporting the diamond industry across a broad spectrum of topics, from the open exchange of information to the promotion of joint marketing initiatives. It also seals mutual commitment to protect the integrity and transparency of the diamond value chain by supporting the work of the World Diamond Council and the Kimberley Process and reaffirms the efforts to improve consumer confidence in diamonds as a product. Furthermore, both AWDC and ALROSA emphasize the importance of diamond tracing on the international markets and of joint contribution to the sustainability agenda within a wider context of the UN SDGs.

Ari Epstein, CEO AWDC: “The Russian Federation is the largest producer of rough diamonds worldwide and ALROSA the world’s leading diamond mining company. 86% of all rough diamonds mined worldwide are traded in Antwerp, making the city the most important gateway to the world for Russian diamonds. In this light, renewing our agreement sends a clear signal that we embrace our leading roles in the global diamond industry and that we will work together to turn whatever challenges arise into mutual opportunities, as we have done in the past.”

The new cooperation agreement was signed by Sergey Ivanov, CEO of ALROSA, and Ari Epstein, CEO of AWDC.