ALROSA WILL SUPPLY DIAMONDS TO ARMENIAN CUTTERS

RusData Dialine – Russian Press Digest
December 25, 2007 Tuesday

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 Caucasus 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.