Russian mining giant Alrosa met with stakeholders of the Israeli diamond industry to discuss pertinent issues on manufacturing, synthetic diamonds as well as generic diamond marketing initiatives.
Alrosa President Sergey Ivanov met with Israel Diamond Exchange (IDE) President Yoram Dvash and Israel Diamond Institute (IDI) Chairman Shmuel Schnitzer.
High on the agenda of the three diamond industry leaders were IDE’s initiatives for the development of the diamond cutting and polishing sector in Israel. Dvash talked about new diamond manufacturing factories established in the vicinity of the Diamond Exchange and projects for the development of online trading of polished diamonds.
The IDE official also briefed Alrosa about the International Tender Center, a trading platform for diamond producers that was launched early this year.
Israeli diamond leaders, meanwhile, welcomed the efforts of Alrosa and other members of the Diamond Producers Association to rejuvenate generic diamond marketing programmes.
Ivanov also expressed support to Israel’s endeavours to ensure transparency in the trade of natural and synthetic diamonds. “Due to a ban against the trade of synthetic rough diamonds on the Diamond Exchange’s platform, tax and other measures, including the use of state-of-the-art detection devices, there is no issue of ‘undeclared synthetic diamonds’ in Israel,” noted Ivanov, adding that this fuels confidence in the trade.