ALROSA TO SUPPLY ROUGH TO ARMENIAN POLISHERS

IDEX
ullNews.asp?id=29138
Dec 23 2007
Israel

In line with an agreement signed in August between Alrosa and the
government of Armenia, the Russian diamond miner is due to begin
supplying manufacturing facilities in Armenia with rough diamonds.

An Alrosa delegation, headed by President Sergey Vybornov is
presently on a working trip to the central Asian country to discuss
implementation of the agreement, on cooperation in the areas of
diamond and jewelry manufacturing.

The agreement provides, in particular, for bilateral exchanges
of information and coordinated moves aimed at strengthening the
competitive edge of Russian and Armenian diamond manufacturers in
the global market.

A team of Alrosa experts has conducted a study of 20 diamond cutting
enterprises in Armenia. With the approval of Armenia’s Ministry of
Industry, four diamond cutting enterprises were selected to receive
rough supplies beginning this month.

Alrosa reported that it has already sold rough diamonds to two of
the diamond cutting factories.