The world’s biggest diamond producers, led by Anglo American and ALROSA, met to create their first-ever industry association, say reports.

Delegates from 8 companies met at Rio Tinto Group’s London headquarters to discuss setting up the group. Petra Diamonds Ltd., Gem Diamonds Ltd., Lucara Diamond Corp., Dominion Diamond Corp. and OAO Lukoil were also represented at the meeting. The report adds that the idea of the body is to promote the interests of diamond producers and the diamond sector more generally. Subjects discussed included diamond marketing, industry research and the threat to consumer confidence from undisclosed synthetic stones entering the market, adds a report.