High-ranking officials met recently at the ALROSA headquarters in Moscow in the presence of the diamond company's vice presidents Yuri Okoyomov and Andrey Polyakov.
Ivanov and Pandya have agreed to forge greater collaboration on scientific, trade and regulatory initiatives for creating differentiation between natural and synthetic diamonds; to work towards enhancing the supply of rough diamonds to small scale manufacturers in India and to explore the creation effective price discovery mechanisms in rough diamonds.
Further, the two sides are also agreed to discuss the viability of collaboration for mining of diamonds in India, and creation of a road map for the enhancing employment within Russia through the development of a local jewellery manufacturing industry.
The ALROSA president also assured the GJEPC that the company was fully committed to the generic promotion programme taken up by the DPA.
Specific aspects of the general collaboration are likely to be formalized at a meeting between the two organizations that is expected to take place in early June on the sidelines of 21st St. Petersburg International Economic Forum.