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ARMENIA TO INCREASE ROUGH SUPPLY FROM ALROSA IN 2012
Tacy
Nov 21 2011
Israel
Diamond cutters in Armenia plan to buy US$50 million worth of rough
diamonds from Alrosa in 2012, compared to an anticipated US$40 million
worth this year, reports Interfax, citing Armenian Economics Minister
Tigran Davtian. As of November 1, the Russian diamond conglomerate
has delivered US$39.16 million worth of diamonds to Armenia, according
to the news source.
Davtian says that an agreement was reached with Alrosa this year to
increase diamond supplies to Armenian cutters, the value of which in
2010 amounted to US$25 million. The number of Armenian diamond-cutting
companies receiving Alrosa rough was also expanded in the agreement,
from one or two at the beginning of 2011 to six or seven at present,
reports Interfax, adding that the number of such firms will expand
to 10 by the end of this year.
Russian rough diamonds make up more than half of Armenia's rough
diamond imports. Davtian says that diversifying rough supply sources
for Armenian cutting factories is a priority for the country's
leadership.
Armenian polished diamond exports fell 24.7 percent to 217,000 carats
in the first half of 2011, compared to 288,000 carats a year earlier,
Interfax reports citing the Customs Service. The customs value of
polished diamond exports dropped to US$45.75 million from US$50.38
million.
Tacy
Nov 21 2011
Israel
Diamond cutters in Armenia plan to buy US$50 million worth of rough
diamonds from Alrosa in 2012, compared to an anticipated US$40 million
worth this year, reports Interfax, citing Armenian Economics Minister
Tigran Davtian. As of November 1, the Russian diamond conglomerate
has delivered US$39.16 million worth of diamonds to Armenia, according
to the news source.
Davtian says that an agreement was reached with Alrosa this year to
increase diamond supplies to Armenian cutters, the value of which in
2010 amounted to US$25 million. The number of Armenian diamond-cutting
companies receiving Alrosa rough was also expanded in the agreement,
from one or two at the beginning of 2011 to six or seven at present,
reports Interfax, adding that the number of such firms will expand
to 10 by the end of this year.
Russian rough diamonds make up more than half of Armenia's rough
diamond imports. Davtian says that diversifying rough supply sources
for Armenian cutting factories is a priority for the country's
leadership.
Armenian polished diamond exports fell 24.7 percent to 217,000 carats
in the first half of 2011, compared to 288,000 carats a year earlier,
Interfax reports citing the Customs Service. The customs value of
polished diamond exports dropped to US$45.75 million from US$50.38
million.