Prospects for the development of the Russian shale industry based on the innovative projectThe article reviews the current problems of development of the diamond mining industry in Russia against the background of changes in the diamond market related to the level of availability of mineral resources, legislative innovations, corporate strategies, competitive struggle and redistribution of sales markets, on the part of non-economic forces on the development of the industry. Possible measures to influence the new trends are assessed. Recommendations are given on the framework formation of a long-term development strategy for diamond mining companies in modern conditions.