On April 23, 2009 the meeting of the Association of Diamond Manufacturers of Russia Board chaired by its President Vladimir Bogomolov took place in Moscow. Most pressing issues concerning the current situation of the world diamond markets, the state of the Russian diamond cutting and polishing industry, prospects of its development and overcoming of the crisis were included into the agenda. Mr. Maxim Shkadov, Chairman of the Board, gave a detailed description of the current state of the world diamond industry together with the analysis of the factors exacerbating the situation.The Chairman called the participants to consolidating efforts necessary for solving the vital problems of the sector by way of addressing competent state, government and industry bodies with relevant initiatives. The participants unanimously supported the proposed initiatives, having expressed deep concern of the destructive supply policies carried out by “ALROSA”. In conclusion, President of Association Valeriy Bogomolov congratulated the participants on the 15th Anniversary of Association of Diamond Manufacturers of Russia.