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The Adamant company incorporated in 1992 has started its activity with installation of one store at the 8-th Sovetskaya street. Soon after a few stores more were open in St.Petersburg. In 1994 shopping and entertainment centre Balkanskiy, one of the first shopping centers of the city, was launched.
The company made steady progress developing new and new directions of its activities in the sphere of construction, production and services. By 2005 the Holding has already included a number of shopping and entertainment centers, restaurants, hotels and recreation facilities, beauty salons, factories, manufacturing complexes, its own architectural studio and project bureau. In subsequent years the Adamant company became an upswing one as for several years there were open a few at once shopping and entertainment centers practically in all districts of St.Petersburg.

Today Adamant is the biggest commercial and industrial holding of St. Petersburg that involves
a network of shopping and entertainment centres, chain of household product stores Domovoy,
medical clinic, its own furniture production facilities, one of the large-scale glass companies in Europe - Rossiyskaya Stekol’naya Kompaniya (Russian Glass Company), restaurants, beauty salons, the major advertising agency, project and architect’s offices, construction organizations,
department of mechanization and other facilities in different business areas. Totally the Holding company amalgamates more than 50 subdivisions and enterprises with more than 7000 employees.