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Press Release: The Diamond Manufacturers & Importers Association of America (DMIA) and ALROSA, Russia's largest diamond company engaged in the exploration, mining, manufacture and sale of diamonds and one of the world's major rough diamond producers, held a round of discussions earlier this spring. The purpose was to increase and deepen business dealings of the giant diamond producer in New York City the undisputed trading and distribution hub for the U.S., the world's largest consumer market for diamonds, gems and jewelry. DMIA's president Ronnie VanderLinden said he was pleased to report that ALROSA had committed to continue to hold tenders for rough as well as for polished goods in New York, and that these would be held several times a year going forward. "ALROSA recognizes the opportunities New York's diamond and jewelry industry has to offer and the city's importance as the access point to the worlds largest consumer market for diamonds, gems and jewelry. Further proof of ALROSA's determination to extend its involvement in the American / New York market is its negotiation of a contract with Tiffany & Co. and the signing of a memorandum of understanding with Sotheby's for the sale of important stones," said Vladlen Nogovitsyn, ALROSA's head of marketing noted. ALROSA's vice president Alexander Malinin, the general manager of Brillianty Alrosa, the cutting and polishing division, said ALROSA looked forward to extending its operations in New York. "The overwhelming majority of diamonds, gemstones and jewelry comes into the American retail and consumer market through 47th Street. The volume of business done in Manhattan is huge and we simply need to be there, where the action is," he noted. He added ALROSA is looking forward to moving into larger office space in 580 Fifth Avenue (The World Diamond Tower) to accommodate the extension of its platform of operations. "We welcome ALROSA to New York and look forward to working closely with the company and its executives, creating a win-win scenario for both parties. As New York's leading diamond industry organization, the DMIA has our fingers on the industry's pulse. We look forward to ALROSA becoming an official member of DMIA as soon as possible!" VanderLinden stated. About the DMIA The Diamond Manufacturers & Importers Association of America (DMIA), established in 1931, is the leading organization of America's premier diamond manufacturers, importers and dealers. Its mission is to promote the highest standards of ethics, integrity, and professionalism in the American marketplace. DMIA is among the leaders in addressing domestic and world diamond industry issues, and acts as a representative of the American diamond industry with other industry organizations and government bodies. DMIA is dedicated to the advancement and assurance of consumer confidence in diamonds and diamond jewelry.
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