Al­rosa’s VP As­sumes World Di­a­mond Coun­cil Pres­i­dency

Solitaire - - SPECTRUM -

Al­rosa, the world’s largest pro­ducer of rough di­a­monds, said that the com­pany’s vice pres­i­dent An­drey Polyakov has as­sumed the elected po­si­tion of the pres­i­dent of the World Di­a­mond Coun­cil (WDC).

Polyakov served as vice pres­i­dent of the WDC since 2015. As per the WDC by-laws, the vice pres­i­dent of the Coun­cil be­comes the head of the or­gan­i­sa­tion. Polyakov now suc­ceeds Ed­ward Ass­cher, whose two-year term as WDC pres­i­dent con­cluded on May 22.

The WDC brings to­gether rep­re­sen­ta­tives of the en­tire in­ter­na­tional di­a­mond in­dus­try sup­ply chain, from min­ing through re­tail. WDC rep­re­sents the di­a­mond in­dus­try in the Kim­ber­ley Process, the body cre­ated to erad­i­cate con­flict di­a­monds from en­ter­ing the le­git­i­mate di­a­mond sup­ply chain. Con­flict di­a­monds are rough di­a­monds used by rebel move­ments to fi­nance wars against le­git­i­mate gov­ern­ments.

As the WDC pres­i­dent, Polyakov will con­tinue to work on the de­vel­op­ment of the WDC and the strength­en­ing of its role in the work of the Kim­ber­ley Process to pro­tect the in­tegrity and rep­u­ta­tion of the in­dus­try.

“Di­a­mond pos­sesses not only ma­te­rial but also emo­tional value, sym­bol­is­ing love, family, obli­ga­tion and loy­alty. Re­al­is­ing the im­por­tance of this, the WDC aims at rep­re­sent­ing the in­ter­ests of the in­dus­try at the KP, pro­tect­ing its rep­u­ta­tion and in­tegrity for the mil­lions of peo­ple in­volved in the mod­ern di­a­mond in­dus­try, in the in­ter­ests of cus­tomers and the fu­ture of the en­tire in­dus­try. I am sure that joint ef­forts of WDC par­tic­i­pants and readi­ness for di­a­logue will al­low us to achieve suc­cess,” stated Polyakov.

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