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Israel: ROA cutters to receive US $30m worth of diamond from Alrosa

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  • Israel: ROA cutters to receive US $30m worth of diamond from Alrosa

    Tacy, Israel
    Dec 30 2007


    ARMENIAN CUTTERS TO RECEIVE US$30M WORTH OF DIAMOND FROM ALROSA IN
    2008


    30 December 2007

    Four Armenian cutting companies will be supplied with approximately
    US$30 million worth of rough diamonds in 2008 by Russian mining
    monopoly, Alrosa.

    Alrosa has signed contracts with diamond cutters Daimotek, Arevakn,
    Armenian Diamond Processing Co., and Yukos and has stated its
    intention of reviewing and possibly expanding its partnership base
    and supply to other Armenian companies in 2008, according to an
    Interfax article.

    Alrosa sent the first shipment to Armenia on December 21 which was
    valued at US$1 million.
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