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ARMENIA, ALROSA TO SIGN JEWELRY COOPERATION AGREEMENT
Tacy, Israel
Aug 7 2007
The Armenian government and Russian diamond producer Alrosa signed an
agreement of cooperation in the jewelry sector, according to Russian
news sources. Armenian Minister of Trade and Economic Development
Nerses Yeritsyan and Alrosa President Sergey Vybornov signed the
agreement in Yerevan in the presence of Armenian and Alrosa leadership
figures.
According to an Alrosa press release, the agreement provides for
"bilateral exchanges of information and coordinated moves aimed at
strengthening the competitive edge of Russian and Armenian diamond
manufacturers in the global market."
During his one-day visit to the Armenian capital, Vybornov also
met with Armenian President Robert Kocharian and Prime Minister
Serzh Sarkisian to discuss the diamond company's current and future
investment interests in Armenia's diamond-processing industry and the
implementation of them. According to news sources, while discussing
prospective cooperation between Armenia and Alrosa, Vybornov cited
Armenia's availability of highly skilled specialists and favorable
legal and investment environment.
A diamond-processing joint venture between Alrosa and Armenian diamond
manufacturer DCA is in the works. Sources say that Alrosa and DCA are
expected to sign the agreement soon, which will enable DCA to process
Russian rough diamonds in Armenia. The resultant polished goods will
then be sold in the Russian market.
Tacy, Israel
Aug 7 2007
The Armenian government and Russian diamond producer Alrosa signed an
agreement of cooperation in the jewelry sector, according to Russian
news sources. Armenian Minister of Trade and Economic Development
Nerses Yeritsyan and Alrosa President Sergey Vybornov signed the
agreement in Yerevan in the presence of Armenian and Alrosa leadership
figures.
According to an Alrosa press release, the agreement provides for
"bilateral exchanges of information and coordinated moves aimed at
strengthening the competitive edge of Russian and Armenian diamond
manufacturers in the global market."
During his one-day visit to the Armenian capital, Vybornov also
met with Armenian President Robert Kocharian and Prime Minister
Serzh Sarkisian to discuss the diamond company's current and future
investment interests in Armenia's diamond-processing industry and the
implementation of them. According to news sources, while discussing
prospective cooperation between Armenia and Alrosa, Vybornov cited
Armenia's availability of highly skilled specialists and favorable
legal and investment environment.
A diamond-processing joint venture between Alrosa and Armenian diamond
manufacturer DCA is in the works. Sources say that Alrosa and DCA are
expected to sign the agreement soon, which will enable DCA to process
Russian rough diamonds in Armenia. The resultant polished goods will
then be sold in the Russian market.