Monday, April 29th 06:52 PM IST

Kristall: Russia's leading diamond manufacturer to celebrate Golden jubilee

# Kristall  # diamonds  # gems  # Russia  

Kristall employs 2,200 people, and operates sales offices in Antwerp, Dubai, Hong Kong and New York. Kristall is on Russia's official list of strategically important corporations and operates under the direct control of the President of Russia. The company is a sightholder of the Diamond Trading Company (DTC) of the De Beers Group.

MOSCOW (Bulliion Street): It's golden jubilee time for Russia's leading mannufacturer as it celebrates the even n May 23 at Smolensk.

It is the only diamond manufacturer that continued to operate after the fall of the former Soviet Union. Since that time, Kristall has significantly raised its output of polished diamonds.

Since its establishment in 1963, the company has polished 80.5 million diamonds with a total weight of 9.3 million carats. The government-owned firm specializes in top-quality cutting and polishing, and markets the Triple X Russian Cut. Kristall employs 2,200 people, and operates sales offices in Antwerp, Dubai, Hong Kong and New York. Kristall is on Russia's official list of strategically important corporations and operates under the direct control of the President of Russia. The company is a sightholder of the Diamond Trading Company (DTC) of the De Beers Group.

Kristall's CEO, Maxim Shkadov, who is also president of the International Diamond Manufacturers Association (IDMA), said: "Kristall Production Corporation is proof that in spite of the enormous changes Russia has gone through during recent decades - politically, economically and geographically - a solid, well established company like Kristall can overcome these difficulties and even thrive. We are very pleased and extremely proud to be celebrating the 50th anniversary of our company, together with our peers and international colleagues."

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