Alrosa statrs implementing Armenia agreement

Russian diamond giant Alrosa has started implementing an agreement it signed in Yerevan, Armenia, last August. On 21st August, 2007 the delegation of Alrosa headed by its President Sergey Vybornov made a working trip to Armenia. The delegation was received by President of the Republic of Armenia Robert Kocharian, Prime Minister Serge Sargsian, Minister of Trade and Economic Development Nerses Yeritsian.

The discussions centered on the implementation of the agreement signed on 6th August between ALROSA and the Armenian Government on cooperation in the fields of diamond and jewellery manufacture.

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.

In line with the agreement a team of Alrosa experts has made a thorough study of 20 diamond cutting enterprises in Armenia. Consequently, with the approval of Armenia’s Ministry of Industry, four diamond cutting enterprises were selected to which from December 2007 rough diamonds will be supplied by ALROSA in the volumes and ranges agreed by the Parties.

ALROSA has already sold rough diamonds to two diamond cutting factories in Armenia.

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