The Russians Have Come—to DDC

A high-level delegation of the diamond industry, headed by Alexander Nichiporuk, the newly appointed president of Russian diamond producer Alrosa, recently visited the Diamond Dealers Club.

Nichiporuk said he is eager to work with and get to know the New York industry. He noted that, with Alrosa’s selling less to De Beers by order of the European Union, the company will sell its stones through a combination of a sight system and tenders. “We are interested in direct trade with diamond producers in the American market,” he said.

Jacob Banda, DDC president, said discussions with the Russian leaders are off “to a promising start. Hopefully, we will be able to work together.”