RUSSIA’S ALROSA, ARMENIA SIGN DEAL IN GEMS CUTTING
Prime-Tass English-language Business Newswire, Russia
August 6, 2007 Monday
Sergei Vybornov, president of Russia’s uncut diamond monopoly Alrosa,
and Nerses Yeritsyan, economic development and trade minister of
Armenia, have signed Monday a cooperation agreement on gems cutting
and jewelry production, ITAR-TASS reported.
The Armenian ministry said that the parties plan to set up a joint
venture that will include Diamond Company of Armenia.
No other details were provided.
Alrosa is responsible for 25% of the world’s uncut diamond output.
Diamond Company of Armenia is owned by Gagik Abramyan, a member of
the Armenian parliament and head of the International Association of
Armenian Jewelers.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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