The Antwerp World Diamond Centre (AWDC) and Alrosa have announced the renewal of their cooperation agreement.

AWDC is the official representative of the Antwerp diamond industry, while Alrosa calls itself the world’s largest diamond mining company by volume.

The renewed cooperation agreement will further expand and strengthen the relationship between and leadership roles of the two organisations over the course of the coming years.

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In a press release, the companies confirmed that the objective of this new agreement is to “commit to supporting the diamond industry across a broad spectrum of topics, from the open exchange of information to the promotion of joint marketing initiatives”.

It also aims to “protect the integrity and transparency of the diamond value chain by supporting the work of the World Diamond Council and the Kimberley Process”, as well as reaffirming “efforts to improve consumer confidence in diamonds as a product”.

AWDC CEO, Ari Epstein, commented: “AWDC is committed to ensure Antwerp remains the world’s leading diamond trade center, and to defend the interests of the more than 1,600 companies it represents.

“The Russian Federation is the largest producer of rough diamonds worldwide and Alrosa the world’s leading diamond mining company.

“86% of all rough diamonds mined worldwide are traded in Antwerp, making the city the most important gateway to the world for Russian diamonds.

“In this light, renewing our agreement sends a clear signal that we embrace our leading roles in the global diamond industry and that we will work together to turn whatever challenges arise into mutual opportunities, as we have done in the past.”

Alrosa CEO, Sergey Ivanov, added: “Antwerp is the world’s most important diamond trading hub, and Belgium is one of Alrosa’s largest trade partners.

“Currently, Alrosa has 58 Alrosa Alliance members who buy gem-quality rough diamonds, and 21 of them are companies from Belgium.

“AWDC is a long-standing and reliable partner for Alrosa, and I am confident that this new agreement will allow us to further our cooperation and aim our joint efforts at the sustainable development of the entire industry within the important context of the ESG transformation of the global diamond market.”