Armenia to Get $50M worth of Rough Diamonds from Alrosa in 2012

Israel Diamond Portal
Dec 28 2011

Report: Armenia to Get $50M worth of Rough Diamonds from Alrosa in 2012

Alrosa, Russia’s government-owned diamond producer, will increase the
amount of rough diamonds it supplies to Armenian diamond manufacturers
from $40 million this year to $50 million in 2012, the panarmenian.net
website reports.

Armenia’s Economy Minister Tigran Davtyan said at a press conference
that whereas only one Armenian diamond company used to receive rough
product from Alrosa, the Russian diamond giant now works with 10 firms
in Armenia.

According to Davtyan, Armenia’s diamond manufacturing sector – which
was hard hit by the global economic crisis of 2008 – is showing signs
of recovery.

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