April 1, 2020 – ALROSA announces the appointment of Dmitry Amelkin as a Transformation Director of its united Polishing Division. He will also keep supervising ALROSA Strategic Projects and Analytics Center and Innovations Center.

ALROSA Supervisory Board approved Tranformation Strategy of the company’s Polishing Division in December 2019. Its aim is optimizing the production cycle, increasing efficiency in the product mix and minimizing administrative costs by creating the consolidated trading office.

Dmitry Amelkin was born in Moscow on February 4, 1983. In 2004, he graduated from the Moscow State Institute of International Relations (University) of the Russian Ministry of Foreign Affairs with a degree in Banking and Finance. After graduation, he worked at PriceWaterhouseCoopers. Then he headed the Strategic Development Department at the Ingosstrakh insurance company, and later at SOGAZ. Prior to joining ALROSA, he was responsible for project management in agencies of Sberbank. He became a head of ALROSA Strategic Projects and Analytics Center (SPAC) in 2017.

‘Dmitry is a manager successfully handling difficult challenges. Introduction of polishing operations to his area of responsibility aimed to accelerate the integration of Kristall factory into the Group and give a new stimulus to the overall division’s efficiency and financials,’ ALROSA CEO Sergey Ivanov commented. ‘Heads of individual units will focus on their area of expertise’.

ALROSA Polishing Division strategy for 2020-2022 implies the centralization of rough diamonds allocation and polished diamonds trade to increase the economic efficiency of operations. Rough diamonds allocation between factories will base on estimated economic effect. Polished diamonds to be sold through a consolidated trading office of Diamonds of ALROSA branch, enforced by Kristall’s sales team representatives.

REFERENCE:
ALROSA Polishing Division consists of Diamond of ALROSA branch in Moscow, a facility in Barnaul of the same name, and a Kristall diamond factory. Founded in 1963 in the city of Smolensk, Kristall is the largest polished diamonds manufacturer in Russia and Europe with processing capacity over 200,000 carats of rough diamonds per year. Diamond of ALROSA in Moscow specializes on large and unique stones, and a Barnaul facility processes small-sized diamonds of 2–6 grainers (1 grainer equals to 0.25 carat).