Alrosa CEO Pavel Marynychov has met with senior officials from Russia\u2019s Finance Ministry and Smolensk Region to review progress on establishing a domestic diamond-cutting cluster.<\/p>\n
The meeting with Deputy Finance Minister Alexey Moiseev and Smolensk Region Governor Vasily Anokhin followed a presidential decree signed on August 6, 2026, supporting the development of Russia\u2019s diamond-cutting industry. The initiative is scheduled to take effect on March 1, 2027.<\/p>\n
The cluster, linking Smolensk and the Republic of Sakha (Yakutia), aims to strengthen domestic diamond cutting, improve access to high-quality rough diamonds and attract investment in processing. The project is also intended to build a stronger Russian value chain from mining to polished production.<\/p>\n
Three production zones have been prepared at the Kristall factory in Smolensk for future participants, equipped with diamond-cutting machinery and other required equipment. Alrosa has also identified partners to provide legal, digital and operational support.<\/p>\n
Participants will have access to preferential financing backed by the Smolensk regional government, with equipment purchases financed at 5% annually and investment financing at 8%.<\/p>\n
Training is another focus. The Smolensk Regional Technological Academy has introduced programmes for jewellery and diamond-cutting professions. Alrosa is signing agreements with students and guaranteeing employment after graduation. In 2026, 23 students are expected to undertake practical training at Kristall.<\/p>\n
Alrosa said the cluster will support employment, regional development and the growth of Russia\u2019s diamond and jewellery sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
Alrosa CEO Pavel Marynychov has met with senior officials from Russia\u2019s Finance Ministry and Smolensk Region to review progress on establishing a domestic diamond-cutting cluster. The meeting with Deputy Finance Minister Alexey Moiseev and Smolensk Region Governor Vasily Anokhin followed a presidential decree signed on August 6, 2026, supporting the development of Russia\u2019s diamond-cutting industry.…<\/p>\n","protected":false},"author":1,"featured_media":37949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-37948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n