01 Jun 2023
DiamondWorld Directory
-
Home |
News
Home
Special meeting with ALROSA President takes place at IDE
The President speaks of increased cooperation with Israel diamond industry
By: Diamond World News Service
|
Feb 15 2017 8:23AM
|
Reference: 13898  

DecreaseIncrease
Image Courtesy: IDE
Image Courtesy: IDE
President of ALROSA, Andrei Zharkov discussed the company’s various future plans and challenges with an audience at the Israel Diamond Exchange, as per reports. This was a special meeting organised to hear the President of Alrosa and was attended by IDE President, Yoram Dvash, Israel Diamond Manufacturers Association President, Kobi Korn, senior officials and many diamond industry members in the management room of the Israel Diamond Exchange.

IDE President Dvash opened the session, speaking about ALROSA's position as a major supplier of rough diamonds and noted that ‘the Israel Diamond Exchange and ALROSA have a shared interest in strengthening business ties between us and enhancing cooperation for the benefit of the Israeli diamond community."

ALROSA President, Zharkov said, “ALROSA wants to support the different diamond centers including the Israeli Diamond Exchange. It is important for us to develop them and that is why we are here today," he added.

He also mentioned the re-branding of ALROSA's representative offices in Israel with the names having been changed from Arcos to, ALROSA Israel. He spoke about the strengthening of cooperation with the bourse and a memorandum of understanding signed by the sides two years ago, to boost the exchange of information between organizations.

He noted that Israel is one of the company’s three main markets in terms of volume in which it stands committed to increase cooperation and will hold tenders here of rough and polished goods.

Speaking of the challenges facing ALROSA and the industry globally, he said, "We believe that demand in 2017 will be stable, and we don't see any reason to increase or decrease the prices of rough. ALROSA plans to sell in the coming year, approximately 39 million carats of diamonds. Yet recovery in demand should not be taken for granted and the future is still uncertain, "he said.

On the subject of polished prices, he mentioned the Indian demonetization creating softer prices and is hopeful of reforms that would increase transparency in India." He said one of ALROSA's main challenges is preserving the long-term demand for rough and polished. "That's why we created the DPA. Our economic future is in the hands of the Millennial generation of consumers and how they relate to diamonds," he added. He insisted on full disclosure, and the use of modern equipment for detection of synthetic stones to increase consumer confidence in the diamond sector, describing the changes expected in the future with the GIA using different certificates for synthetics and the launch of detection recognition programs, in which ALROSA already takes part.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2023
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 34362
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 11670
GJEPC Chairman Interview
Views: 30324
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 41430
Promo for IJ Awards 2012 at NDTV Profit
Views: 58792
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 72495
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22907
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 52298
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 55005
Advertisement
DW News App
Member of:
Supporter of: