Armenia Sees Russian Diamond Supplies Resuming Soon

Armenia Sees Russian Diamond Supplies Resuming Soon

April 16, 2004 Friday

Russia is expected to resume rough diamond supplies to Armenia in the
near future, First Deputy Economic Development and Trade Minister,
Ashot Shakhnazaryan, said.

Since December 2003, there haven been no supplies from Russia, but
corresponding agreements to resume imports have already been signed by
Armenia’s four major diamond-cutting companies.

Only 130,000 carats were imported into Armenia in 2003 out of the
planned 400,000 carats, he said.

Analysts said the decrease in diamond imports from Russia was caused
by liberalization of the Russian market, which made Russia’s rough
diamond monopoly ALROSA hike prices.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS