Alrosa supplies $39.16 million rough diamonds to Armenian companies

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Economy

17.11.2011, 02:43

Russian Alrosa raw-diamond producer has supplied this year $39.16 million worth raw diamonds to Armenian diamond-cutting companies, according to a press release sent to ARKA by Armenian ministry of economy.

YEREVAN, November 16. /ARKA/. Russian Alrosa raw-diamond producer has supplied this year $39.16 million worth raw diamonds to Armenian diamond-cutting companies, according to a press release sent to ARKA by Armenian ministry of economy.

Armenian companies resumed purchase of rough diamonds from Alrosa in 2009 December, which were interrupted by the global economic crisis. Economy minister Tigran Davtyan visited today two diamond companies Arevak and Lori in Kotayk region and was shown a new technology that has no analogues in the world.

Davtyan was quoted as saying that Alrosa is a reliable supplier of rough diamonds, (it accounts for 90% of rough diamonds supplies to Armenia).

"We hope that about 20 Armenian diamond processing enterprises will expand their activities, and for this we intend to seek new partners and suppliers of raw materials in addition to Alrosa", said Davtyan.

During the first half of 2011 seven diamond cutting companies produced 2.46 billion drams output, by 6.5% more from a year before and exported 2.95 billion drams worth products, by 9.3% more from the same time span in 2010. The sector employs 400 workers.

According to the National Statistical Service of Armenia, in January-September 2011 Armenian diamond-cutting plants produced 51,500 carats of diamond, by 8.3% more from a year earlier. In 2010 Alrosa boosted sales of rough and cut diamonds by 1.6 times to $3.48 billion.-0-

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