In 2008 Graff achieved full vertical integration when he bought a stake in publicly traded diamond miner Gem Diamonds.

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In 2008 he achieved full vertical integration when he bought a stake in publicly traded diamond miner Gem Diamonds.

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Finance Minister Alexei Kudrin told reporters in Washington, DC this weekend that he will vacate his chairman post next week at VTB Bank and diamond miner Alrosa.

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Alrosa, Russia's state-backed diamond miner, now rivals it.

ECONOMIST: Diamonds

The miner has announced its intention to sell all of its diamond mines to concentrate in larger mining segments.

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