Alrosa President Andrey Zharkov to Take Part in Israel’s International Diamond Week

Andrey Zharkov, the Alrosa President, will be a guest of honor of the International Diamond Week in Israel (IDWI) being held February 13-16, 2017, at the Israel Diamond Exchange (IDE.)

The visit is also timed to coincide with the opening of the IDE International Tender Center, which will house tenders of rough and polished diamonds by major rough producers and diamond traders, the IDE said.

Zharkov will also meet with the leaders of IDE to discuss the terms of the Memorandum of Understanding which was signed last year. The MOU promotes cooperation between the two organizations in a variety of areas. Zharkov will also address a group of leading IDE firms where he will present Alrosa’s vision for the next several years and the challenges facing the global diamond industry.

Yoram Dvash, IDE President, said  he welcomed the visit of President Zharkov at the International Diamond Week. “Alrosa is a very significant player in the type of diamonds that the Israeli industry focuses on. Over the past several years Alrosa has supplied a growing quantity of such stones to the Israeli market, and we aim to expand this trade.”

“I am happy to attend the International Diamond Week in Israel," said Zharkov. "This will be an excellent opportunity to discuss issues of mutual interest with the bourse leaders and with potential and existing clients, as well as to present Alrosa’s plans in response to the current and future challenges we face.”

Alrosa is the world’s largest producer of rough diamonds in terms of carats. The company is engaged in exploration, production and sale of rough diamonds. Alrosa’s operations are located in the Republic of Sakha (Yakutia) and Arkhangelsk region. In 2015, the company produced 38.3 million carats of rough diamonds, with the proceeds in 2015 amounting to RUB 224.5 billion.

The sixth edition of the International Diamond Week in Israel (IDWI) is expected to attract hundreds of rough and polished buyers from around the world. This year’s IDWI will be held in a new format to include a day for scheduled meetings or free sightseeing tours. As in past years participants are offered three nights of free hotel accommodations.