On Monday, December 17, 2007 The Diamond Trading Company (DTC), the distribution arm of the De Beers family of companies, unveiled the results of the Sightholder application process. Kristall Production Corporation has retained its sightholder status, while the DTC has reduced the number of its clients. Kristall’s agreement with the DTC will be for the 2008-2011 contract period.
The Diamond Trading Company (DTC), the distribution arm of the De Beers family of companies, today unveiled the final element in its new global rough diamond distribution plans.
Smolensk Kristall, the largest Russian polished diamond manufacturer, expects significant increase of gems consumption on the inside market, as the Kristall CEO Maxim Shkadov stated on the press-conference on Nov.2.
On the 4th of September 2007 Smolensk Kristall’s new commercial office was opened on the basis of its Moscow general agents. Wholesalers and retailers including individual buyers can now purchase the products of the major Russian polished diamonds manufacturer at Bolshoi Tishinsky per. 22, building 1, Moscow.
Russian Prime Minister Mikhail Fradkov called for “adjustments” to Alrosa’s rough diamond sales policy, ensuring local manufacturers enough goods with which to work at full capacity.
On the 30th of August, 2007 at the Russian Government session Head of Smolensk region Victor Maslov initiated an increase in rough supply to the major Russian polished diamonds manufacturer, Smolensk-based Kristall Production Corporation. The initiative was supported completely.
First vice premier Sergei Ivanov backed a proposal on boosting deliveries of rough diamonds by ALROSA for processing inside Russia. He expressed this idea on Thursday, speaking of the need to load production facilities of Russian diamond-cutting factories, including the Kristall plant in the city of Smolensk.
Smolensk region governor Viktor Maslov has asked the Russian government to consider increasing the maximum amount of diamonds that Russian companies may purchase from the government's diamond repository, Gokhran.
The International Youth Football Tournament under the auspices of Kristall Production Corporation took place from the 21st to the 26th of August 2007 in Smolensk. The competition was organized in honour of Alexander Shkadov, an outstanding figure in the Russian diamond industry.
Kristall of Smolensk, Russia’s state-owned diamond-polishing company, may see an increase in its rough supply, thanks to an initiative put forth by Victor Maslov, Head of Smolensk Region, at a recent Russian government session.
On the 23rd of July, 2007 Russian First Deputy Prime Minister Sergei Ivanov visited Kristall Production Corporation in the course of his official visit to the Russian town of Smolensk.
Maxim Shkadov, 37, is the director general of Kristall Smolensk, Russia’s largest polishing factory, president of the Russian Diamond Manufacturers’ Association, and vice president of the International Diamond Manufacturers Association (IDMA). He recently talked with RDR about Kristall and the future of the industry.