DIAMOND WORLD

About the Company

The Joint Stock Company “Diamond World” was established in 1999 on the state-owned Moscow Plant “Kristall” industrial basis. “Kristall” was found in 1970 and specialized in diamond cutting and diamond jewelry manufacturing.

 

The major shareholders of “Diamond World”, JSC are the Russian government, represented by the Federal Agency for the Administration of Federal Property and ALROSA Group’s enterprises.

 

“Diamond World”, JSC has a unique infrastructure for the full cycle of diamonds processing, evaluation and cutting, jewelry manufacturing and safekeeping. We also provide customs broker services and worldwide delivery of rough diamonds and diamond jewelry.

During the first four years Moscow plant “Kristall” reached its design capacity by processing 400 thousand carats of rough diamonds per year and producing diamonds worth $170 million.

At that time Moscow “Kristall’ production came up to 40% of all the diamonds produced in Russia for export. “Kristall International”, the Russian-Belgian stock company with its home office in Antwerpen, was established.

A record number of 8524738 diamonds was produced in 1982

0

16,357 employees worked in “Kristall” during its history

0

40% of MARKET SHARE

In 1994 Moscow “Kristall” production came up to 40% of all the diamonds produced in Russia for export.

HISTORY

Construction Decision

On October 3, 1966 the Moscow City Executive Committee made a decision to construct a diamond cutting plant in Moscow.

October 3, 1966

December 25, 1970

Production Launch

In 1968-69 the design of the plant was completed. On December 25, 1970 the enterprise started production.

First Employees

In November 1970, three-hundred workers, the first graduates from the

November 16, 1970

December 18, 1970

First Diamond

On December, 18 1970 the first diamond was cut at the Moscow plant. Alexey

One-millionth Diamond

Two years later, on December 21, 1972 a diamond cutter Victor Chulkov cut the one-millionth diamond.

December 21, 1972

January 2, 1974

127’128 carats

1’603’209 diamonds of a total weight of 127’128 carats were cut during the year 1974 alone.

Alexei Kosygin (1904-1980), Chairman of the Council of Ministers of the USSR, was the founder and great supporter of the whole diamond industry in the USSR. Being a shrewd politician, outstanding manager and experienced executive, he deeply understood the strategic role of industrial diamonds in re-equipment of various industries, primarily nuclear and defense.


The new industry was flourishing. The decision to construct a diamond cutting plant in Moscow was made by the Moscow City Executive Committee on October 3, 1966. In 1968-69 the plant design was completed and on December 25, 1970 the enterprise was launched.

During its first four years Moscow plant “Kristall” reached capacity production by processing 400 thousand carats of rough diamonds per year and producing diamonds worth $170 million.

It was a spectacular success for the new industry of the country. Within 6 years, the USSR became one of the world leaders in diamond mining and cutting.

FUTURE

In highly developed countries, Diamond Exchanges are the heart of international diamond trade. Currently there are more than 20 Diamond Exchanges in the world. The largest are the Exchanges of Antwerpen (Belgium), Ramat Gan (Israel), Dubai (Arab Emirates), Mumbai (India), New York, Hong Kong.

Different enterprises dealing with diamond manufacture, customs brokerage services, safekeeping and diamond and high-category values are located in the “Diamond World” Center. For many Russian enterprises, this allows to develop the most important economic sector – “Diamonds of Russia” by consolidated forces.

In Russia only “Diamond World” JSC possesses all the objective factors to become part of the TOP-5 diamond market world leaders.

OWN CUTTING
FACILITIES

Activity

According to the “Diamond World”, JSC development plan the priority guidelines of its activity are the following:

  • Managing of the specialized property complex as an income generating property, used as the basis for creating jewelry and diamond cutting industry enterprises;
  • Design and development of the specialized infrastructure complex aimed to provide services to the Diamond Center of Russia participants;
  • Development of new innovative methods of rough diamond processing;
  • Jewelry sale and diamond trade exhibition area;
  • Rough diamonds and jewelry expertise.

News

On July 21, the Extraordinary General Meeting of Shareholders of “Diamond World”, JSC took place

Meeting Agenda: 1. Early termination of powers of members of the Board of Directors of the Company. 2. Election of the members of the Board of Directors of the Company. During the meeting the Shareholders elected the Board of Directors of “Diamond World””, JSC as follows...

Read more...

On June 20, the Annual General Meeting of Shareholders of “Diamond World”, JSC approved the annual report

According to the results of 2016, it was decided to use 50% of the net profit of the Company to pay the dividends, in other words 4,639 million rubles, which is 1.4 rubles per one ordinary equity share. During the meeting the Shareholders elected the Board of Directors of “Diamond World”, JSC comprising as follows...

Read more...

Contacts

Smolnaya ul., 12, Moscow 125493, Russian Federation

Tel.: +7 (495) 452-52-11
Tel./Fax: +7 (495) 452-83-37

Information

Administrative Office Telephone:
+7 (495) 452-29-86
Fax:+7 (495) 452-83-37

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Search

LOGO EN 200

шаблон joomla