Russian diamond mining major Alrosa on Thursday announced the launch of its representative office at Bharat Diamond Bourse in Mumbai.

A statement from the company said: «Alrosa is keen to deepen its trade relations with the diamond and jewellery market in India and wants to be in sync with the industry to leverage the evolving market opportunities.»

Jim Vimadalal, Director of the representative office, said: «My key role and responsibilities would involve suggesting new clients and negotiating deals with them, exploring possibilities of cooperation… as well as discussing opportunities for marketing and joint initiatives with the trade bodies.»

Alrosa conducts mining operations in Russia — at the Republic of Sakha (Yakutia) and the Arkhangelsk Region. The company’s mining output accounts for «about 30 per cent of the world diamond production», according to the statement.

Originally Published in The Quint