ALROSA sees prospects for diamond demand in the BRICS countries in the medium and long term.
"We consider promoting demand for diamonds in the BRICS countries to be extremely promising not only for ALROSA, but also for all diamond mining companies and countries in order to achieve sustainable demand for diamond products in the medium and long term," RIA Novosti quotes the company's statement.
"The formation of BRICS+ standards seems to be a natural continuation of the overall work of the diamond mining industry to ensure its contribution to the UN Sustainable Development Goals," ALROSA added.
Earlier on October 9th, a meeting of BRICS finance ministers and central bank governors in Moscow hosted an informal dialogue platform on cooperation in the diamond industry, held with assistance from the African Diamond Producers Association (ADPA).
ALROSA noted that the creation of a unified approach to the sustainable development of the diamond industry in the BRICS+ countries helps strengthen the connection between all industry participants - from the mine to the market.
"The launch of a dialogue platform on diamonds in the BRICS+ format with the participation of African diamond-mining countries will help strengthen trade and business ties between our countries, create new forms of cooperation and develop a unified position of all segments of the diamond pipeline - from mining to retail - in the common interests of the stable development of the industry. It is important to emphasize that our cooperation is based on the principles of the Kimberley Process Certification Scheme as the only universal mechanism for regulating the global trade in rough diamonds," said Alexey Moiseyev, Deputy Minister of Finance of the Russian Federation.
Theodor Lisovoy, Managing Editor, Rough&Polished
