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Kristall Production Corporation to host 50th Anniversary celebrations
A by-invite event is planned to celebrate the milestone
By: Diamond World News Service
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May 17 2013 11:47AM
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Reference: 7824  

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To celebrate its 50th anniversary, Kristall Production Corporation, Russia's leading diamond manufacturer, plans to host a by-invitation event on May 24, in Smolensk, with a guest list including local diamond industry leaders, government representatives and dignitaries, foreign guests, predominantly representatives from other diamond manufacturing centers.

Kristall Production Corporation, established in 1963, is the only diamond manufacturer in Russia, to have continued operations after the fall of the former Soviet Union and since has grown significantly in its output of polished diamonds. It has polished 80.5 million diamonds with a total weight of 9.3 million carats, since its inception. The government-owned firm specializes in top-quality cutting and polishing, and markets the Triple X Russian Cut. It has an employee base of 2,200 people, sales offices in Antwerp, Dubai, Hong Kong and New York. And is a sightholder of the Diamond Trading Company (DTC) of the De Beers Group. It is on Russia's official list of strategically important corporations and operates under the direct control of the President of Russia.

Kristall's CEO, Maxim Shkadov, who is also president of the International Diamond Manufacturers Association (IDMA), said: "Kristall Production Corporation is proof that in spite of the enormous changes Russia has gone through during recent decades - politically, economically and geographically - a solid, well established company like Kristall can overcome these difficulties and even thrive. We are very pleased and extremely proud to be celebrating the 50th anniversary of our company, together with our peers and international colleagues."

The list of Russian dignitaries participating will include, Vladimir Zhirinovski, leader ofthe Liberal Democratic Party of Russia (LDPR), Vice-Chairman of the State Dumaand a member of the Parliamentary Assembly of the Council of Europe; Anton Siluanov, Minister of Finance, the Russian Federation; Sergei Ivanov, Chief of Staff, Presidential Administration of Russia; Yegor Borisov, president of the Sakha Republic; Alexei Ostrovskiy, Governor of Smolensk; Fedor Andreev, President ofAlrosa; and Vladimir Rybkin, Head of Gokhran, the State Precious Metals and Gems Repository of the Russian Federation. Invited guests will also be given an tour of the company's production facilities, and a sightseeing tour of Smolensk's historical sites and landmarks.

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