The World Diamond Council (WDC) today announced that Andrey Polyakov has assumed the elected position of President of the WDC.
Polyakov served as vice president of the WDC since 2015 and now succeeds Edward Asscher whose two-year term as President concluded on May 22 2016.
“I am honored to have been elected by my peers to this important position,” comments Polyakov.
“I look forward to working closely with the Board of Directors and the membership of the WDC, on behalf of our great industry, through the WDC’s critical role of representing the industry at the Kimberley Process. I am confident that joint efforts and a willingness to dialogue among all parties will enable us to achieve success in strengthening our industry’s reputation.”
The WDC represents the diamond industry at the UN-mandated Kimberley Process forum, the body created to eradicate conflict diamonds from entering the diamond supply chain. Conflict diamonds are rough diamonds used by rebel movements to finance wars against legitimate governments. The Kimberley Process Certification Scheme (KPCS) imposes extensive requirements on its members – diamond producing and trading countries, to prevent conflict diamonds from entering the legitimate trade.
As the most senior executive officer, Polyakov’s role will be to continue the mission of the organisation and to further protect the integrity and reputation of the Kimberley Process.
Polyakov adds: “The diamond’s value and worth is measured in its symbolism. It invokes a sense of permanence, obligation, passion and loyalty. These are the same values that we as Council members bring to the task at hand and I look forward to upholding the integrity of these values as the steward for positive change during my term as President.”
Since January 2013, Polyakov he has served as ALROSA’s vice president, responsible for client policy. He joined the firm in 2004. In 2013, he led the informational support of the company’s IPO. Later he started the work on the development of ALROSA international relations, strengthening the company’s cooperation with industry organisations, and participating in the preparation for contract periods. Polyakov also acted as one of the initiators of the creation of the Diamond Producers Association (DPA), and is now a founding member of the DPA Board.
“Much was accomplished these past two years, including the passing of the first Strategic Plan in the history of the WDC,” comments Asscher.
“The role of the WDC in defending and upholding the KP is invaluable to the industry. I’m sure I speak for the full Board of Directors of the WDC when I say that we look forward to Andrey’s leadership and continuation of the progress made within the WDC and its enhanced engagement with the KP.”