The Board of Directors of the Joint-Stock Company Production Corporation Kristall (PC Kristall) announced the acceptance of Maxim Shkadov’s resignation from the Company. Shkadov, who was the Director General of PC Kristall, will be leaving to join ALROSA.

”Maxim Shkadov will continue his career at PJSC ALROSA where he will be involved in the issues of integration of ALROSA and Kristall, the two largest Russian enterprises in the field of production and manufacturing of diamonds,” Kristall announced. “The decision on the integration was approved by the Governmental Order of the Russian Federation.”

Alexey Romankov has been appointed as Acting General Director of  JSC PC  Kristall  until the next general meeting of shareholders.   Romankov previously held the position of Deputy Director General – Production Director at Kristall.

PC Kristall, established 55 years ago, is the largest polished diamond manufacturer in Russia and Europe.  It  is also a long-term client of the  major rough diamond producer ALROSA. “The Company specialises in mass manufacturing of premium quality diamonds, cut and polished in accordance with “Triple Excellent” standards,” PC Kristall said. “Being No.1 Exporter of polished diamonds from Russia, Kristall has a global sales network covering the key international diamond trading centers, including Antwerp, Hong Kong, New York and Dubai.”