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Russia's Alrosa, Armenia Sign Deal In Gems Cutting

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  • Russia's Alrosa, Armenia Sign Deal In Gems Cutting

    RUSSIA'S ALROSA, ARMENIA SIGN DEAL IN GEMS CUTTING

    Prime-Tass English-language Business Newswire, Russia
    August 6, 2007 Monday

    Sergei Vybornov, president of Russia's uncut diamond monopoly Alrosa,
    and Nerses Yeritsyan, economic development and trade minister of
    Armenia, have signed Monday a cooperation agreement on gems cutting
    and jewelry production, ITAR-TASS reported.

    The Armenian ministry said that the parties plan to set up a joint
    venture that will include Diamond Company of Armenia.

    No other details were provided.

    Alrosa is responsible for 25% of the world's uncut diamond output.

    Diamond Company of Armenia is owned by Gagik Abramyan, a member of
    the Armenian parliament and head of the International Association of
    Armenian Jewelers.

    From: Emil Lazarian | Ararat NewsPress
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