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

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