ALROSA president, Sergey Vybornov, advocated the diamond industry move away from using the dollar as its benchmark trading currency, according to British newspaper The Telegraph. "The volatility of the dollar is a real danger which is affecting everybody in the industry – on every level of the pipeline," Vybornov said. "The average life of a mine is 30 years so you have to plan this horizon but you can't with all this uncertainty going on. We just don't know what will happen with the dollar tomorrow."

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