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ArticleName Future prospects for diamond industry of Russia in the modern economic environment
DOI 10.17580/gzh.2015.05.08
ArticleAuthor Danilov Yu. G., Pakhomov A. A.

Author 1:
Name & Surname: Danilov Yu. G.
Company: North-Eastern Federal University (Yakutsk, Russia)
Work Position: Director, Expert Information and Analysis Center, Institute of the North Region Economics, NEFU
Scientific Degree: Candidate of Economical Sciences
Contacts: e-mail:

Author 2:
Name & Surname: Pakhomov A. A.
Company: Yakutsk Science Center, Siberian Branch, Russian Academy of Sciences (Yakutsk, Russia)
Work Position: Vice Chairman
Scientific Degree: Doctor of Economical Sciences


The largest diamond companies have underwent drastic alterations in the industry worldwide. Anglo American gained control of De Beers, and Alrosa held IPO in 2013. Considering exacerbation of economic crisis in Russia, Alrosa’s IPO was well-timed and at sufficiently high price. In 2013 in the Republic of Sakha (Yakutia), four companies within Alrosa group were engaged in diamond mining and produced diamonds to the amount of USD 4.7 Billion, which kept Alrosa at the top of diamond production in terms of volume, reached by Alrosa in the period of 2008–2009 global crisis overcoming. The share of the world’s largest companies in diamond production in 2013 was 73.8% in terms of volume and 81.9 % in terms of cost. On this basis, the global diamond production was roughly evaluated, the world diamond supply was analyzed using a three-factor chart, the diamond pipeline performance in 2014 was calculated considering state estimations obtained in different segments of diamond business and the future alterations of the global diamond pipeline segments were forecasted up to 2030. The volume of diamond production in Russia, though the economic depression, should survive, and the world diamond production will make 115–125 million carat yearly, but the cost of diamonds will grow under excess of demand over supply. The costs in cutting and polishing and jewellery manufacturing and retailing will rise as well, but to a lesser degree. In view of the recent politics, it has become urgent to create a diamond exchange in Yakutsk as diamond trading by means of the Antwerp Diamond Exchange can be hampered with the new economic sanctions initiated by the West against Russia. So, it is preferable to create an exchange inside Yakutia, in the framework of the Far East Development Programs. The Yakutia Diamond Exchange, when created, will allow gaining a profit from trading of rough diamonds, cut diamonds and diamond jewellery.

keywords Diamond, diamond pipeline, cut diamond, chart, mining, complex, industry, trade, jewellery

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5. Danilov Yu. G. Almazno-brilliantovyy kompleks Yakutii: chto vperedi — krizis ili blagopriyatnaya vozmozhnost? (Yakutian diamond complex: what is going to be — crisis or opportunity?). Aktivnyy biznes = Active business. 2014. No. 3(51). pp. 12–13.

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