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Armenia to Get $50M worth of Rough Diamonds from Alrosa in 2012

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  • Armenia to Get $50M worth of Rough Diamonds from Alrosa in 2012

    Israel Diamond Portal
    Dec 28 2011


    Report: Armenia to Get $50M worth of Rough Diamonds from Alrosa in 2012


    Alrosa, Russia's government-owned diamond producer, will increase the
    amount of rough diamonds it supplies to Armenian diamond manufacturers
    from $40 million this year to $50 million in 2012, the panarmenian.net
    website reports.

    Armenia's Economy Minister Tigran Davtyan said at a press conference
    that whereas only one Armenian diamond company used to receive rough
    product from Alrosa, the Russian diamond giant now works with 10 firms
    in Armenia.

    According to Davtyan, Armenia's diamond manufacturing sector - which
    was hard hit by the global economic crisis of 2008 - is showing signs
    of recovery.

    http://www.israelidiamond.co.il/english/News.aspx?boneId`8&objid=10407

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