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UAE Leads UN Resolution on Conflict Diamonds, KP Chair Highlights Key Achievements

UAE-led resolution on conflict diamonds adopted at UNGA, with major milestones in Kimberley Process highlighted, including CAR export restrictions lifted.

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At the United Nations General Assembly (UNGA) in New York, Ahmed Bin Sulayem, Chair of the Kimberley Process (KP), presented the UAE’s significant accomplishments during its 2024 Chairmanship, including the adoption of a UAE-led resolution on the role of diamonds in fuelling conflict. The resolution, co-sponsored by 37 countries, strengthens the Kimberley Process’s mission of ensuring a conflict-free global diamond trade and acknowledges the UAE’s vital contributions to advancing the KP’s goals.

One of the key achievements during the UAE’s chairmanship was the establishment of the first-ever Kimberley Process Secretariat in Gaborone, Botswana, marking a major institutional step forward. The resolution also highlighted other milestones, such as Uzbekistan’s integration as the 60th member of the KP and the lifting of long-standing export restrictions on rough diamonds from the Central African Republic (CAR).

Bin Sulayem emphasized the UAE’s leadership in driving the KP’s mission amid ongoing geopolitical challenges. “We made meaningful progress, advanced the agenda, and upheld the integrity of the Kimberley Process,” he stated.

The UAE’s leadership was widely praised during the UNGA session, with the European Union commending the UAE’s efforts in building consensus, while Zimbabwe recognized its contributions to job creation in the natural diamond industry. Representatives from the Central African Republic expressed gratitude for the UAE’s pivotal role in lifting trade restrictions, thus enhancing the credibility of the KP.

Looking ahead, the UAE is set to continue its leadership in the Kimberley Process, serving as Custodian Chair in 2025 and Chairing the Committee on Participation and Chairmanship (CPC) in 2026, shaping the future of the global diamond trade.

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DiamondBuzz

Alrosa Plans To Expand Diamond Production Through Severalmaz

Outlines An Expansionary Roadmap and Diversification Strategy Amid Market Volatility

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Alrosa has confirmed a strategic pivot toward aggressive capacity expansion via its wholly-owned subsidiary, Severalmaz. Currently contributing approximately 10% to the Group’s aggregate output, Severalmaz is slated to become a primary engine for long-term value creation.

Despite prevailing macroeconomic headwinds and a softening in global demand for natural stones, Alrosa reported that the Lomonosov deposit maintained a stable production baseline, yielding an annualized run-rate of approximately 3.5 million carats through FY24 and FY25.

Key Strategic Pillars:

  • Operational Resilience: CEO Pavel Marinychev emphasized that Severalmaz serves as a systemically important entity within the Arkhangelsk regional economy, providing a “solid foundation” for the Group’s multi-decade development cycle.
  • CAPEX & Exploration: The firm is committed to significant capital expenditure directed toward greenfield exploration and the modernization of existing mining infrastructure to drive operational alpha and safety.
  • Portfolio Diversification: To hedge against cyclical diamond market downturns, Alrosa is actively de-risking its balance sheet by diversifying into gold mining and offloading approximately 30% of its inventory to Gokhran to ensure consistent liquidity flows.
  • R&D Synergies: The roadmap includes deep integration with regional scientific-industrial hubs to optimize extraction efficiencies and future-proof the production pipeline.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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