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Alrosa Brings First Consignment Of Rough Diamonds To Armenia

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  • Alrosa Brings First Consignment Of Rough Diamonds To Armenia

    ALROSA BRINGS FIRST CONSIGNMENT OF ROUGH DIAMONDS TO ARMENIA

    Noyan Tapan
    Dec 21, 2007

    YEREVAN, DECEMBER 21, NOYAN TAPAN. In accordance with the agreement
    signed between the RA government and Alrosa company - the world's
    second largest diamond mining company, the first consignment of rough
    diamonds of about 1 million USD has been brought to Armenia. In this
    connection, the company's delegation headed by the president of Alrosa
    Sergei Vybornov came on a one-day visit to Yerevan.

    During a meeting with reporters, it was stated that the first
    consignment will be given to 4 Armenian diamond-cutting companies:
    Diamotech, Arevak, the Diamond Company of Armenia (DCA) and Ukos,
    which have been selected out of 23 companies, previously examined by
    Alrosa experts.

    According to the company's vice president Sergei Ulin, Alrosa is
    ready to purchase part of cut diamonds if they have a high quality and
    reasonable price. He said that in 2008, imports of rough diamonds will
    make 28-30 million USD. The company's management plans to hold another
    meeting with the Armenian side in mid 2008 in order to summarize the
    results of the first half of 2008 and consider a possible increase
    in the amount of rough diamonds.

    In the words of the RA minister of trade and economic development
    Nerses Yeritsian, the Armenian side also has a great deal to do:
    to specify its policy and prospects of development so that greater
    opportunities and a large field will be created for extension of
    Alrosa's business in Armenia in various directions.
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