Russia’s Alrosa calls for common diamond strategy with Africa

Russia and Africa account for more than 90% of the global diamond mining market and should develop a joint roadmap for sustainable business development, the head of Russian mining giant Alrosa has said.

Pavel Marinychev urged countries and producers to work together and establish common approaches in the gemstone industry.

“State-owned diamond companies in Russia and Africa should decide on an appropriate common sustainable development agenda and common standards in the field of responsible business. Standards that are basic, and not imposed on us,” Marinychev said during the Russia-Africa Summit in St. Petersburg.   

He said dialogue between African diamond-producing countries and Russia will “ensure a stable, predictable and sustainable diamond market that meets our national interests.”