Alrosa's Zharkov May Step Down Soon – Report 

Alrosa CEO Andrey Zharkov may depart the mining company just two years after becoming as its head, according to a report by Reuters.

Zharkov has been Alrosa's CEO since spring 2015. He has reportedly been in dispute over the firm's 2017 budget with the Finance Ministry, the Kommersant newspaper said, citing sources.

Petra Diamonds: Half-Year Revenue and Profit Up Strongly

Petra Diamonds said that its revenues and net profit surged in the six months to December 31.

Revenue soared 48 percent to $228.5 million, and net profit was $35.2 million compared with a $2.2 million loss the prior year.

Forevermark Now Available in 2,000 Global Retail Outlets, Says De Beers

The Forevermark diamond brand is now available in more than 2,000 retail stores around the world following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey, De Beers said.

This consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands, the company said.

Heavy Traffic on Trading Floor on Day 2 of International Diamond Week in Israel

The trading floor of the Israel Diamond Exchange (IDE) continued to see heavy traffic on the second day of the Sixth International Diamond Week in Israel (IDWI).

The mood was upbeat, reflecting a lively trading atmosphere, the IDE said in a statement.

Diamond Dealers Club Announces Plans to Move to International Gem Tower

Diamond Dealers Club (DDC) of New York President Reuven Kaufman said the exchange's planned move to the International Gem Tower (IGT) at 50 W 47th Street is "critical to the future success and stability of the diamond industry on 47th Street in New York."

ALROSA: Committed to Increasing Trade With Israel

A special meeting with the President of ALROSA, Andrei Zharkov, was held in the management room of the Israel Diamond Exchange with the participation of the IDE President, Yoram Dvash, Israel Diamond Manufacturers Association President, Kobi Korn, senior officials and many diamond industry members who came to hear of the challenges and plans for the future of the biggest diamond producer in the world.

IDWI 2017 Opens with Festive Ceremony at Packed IDE Trading Hall

The Sixth International Diamond Week in Israel (IDWI) opened on Monday, February 13, to a packed trading hall at the Israel Diamond Exchange (IDE), with the participation of some 400 buyers from 30 countries, and over 200 diamond companies exhibiting from Israel and abroad.

The festive opening ceremony included speeches by Israel's Minister of Tourism Yariv Levin, Alrosa President Andrey Zharkov, IDE President Yoram Dvash, Israel Diamond Institute Chairman Shmuel Schnitzer, Diamond Dealers Club of New York President Reuven Kaufman and other diamond industry leaders.

WFDB's 2017 Presidents Meeting Reaches Decisions on a Range of Issues

The WFDB will be creating a financial taskforce to follow up on the Finance Seminar held during the 2017 Presidents Meeting, President Ernie Blom told a press conference at the end of the event on Wednesday, February 8, at the Bharat Diamond Bourse (BDB) following the four-day meeting. Blom said that the comprehensive discussion on financing for the diamond industry, along with the issue of generic diamond marketing and other key topics, had been extensively debated at the Presidents Meeting.