Tweet
Tacy
Oct 16 2011
ARMENIA SO FAR IMPORTS $37 MILLION WORTH OF ALROSA ROUGH IN 2011
16 October 2011
For the year to date, Russian diamond conglomerate Alrosa has
delivered US$37 million worth of rough diamonds to Armenia and could
deliver up to US$40 million worth by the end of the year, reports
Interfax, citing Armenian Deputy Economics Minister Karine Minasyan.
"Earlier, we proposed that by the end of the year Alrosa deliver uncut
diamonds worth up to $50 million to Armenia, but about a month ago
there was a decline of 20% on the world market and purchases by
Armenian companies decreased. I assume that, at a minimum, $40 million
worth of raw materials will be delivered," Minister Minasyan told the
news source.
Alrosa has already surpassed its 2011 supply commitment with Armenia,
which promises Armenian diamond cutters US$30 million worth of
Alrosa's rough diamonds. In 2010, Alrosa supplied US$25 million worth
of rough to Armenia as per the agreement.
The Alrosa rough was delivered to five Armenian cutting enterprises
that have supply contracts with the Yakutia-based miner.
For the first half of 2011, cut diamond exports from Armenia fell 24.7
percent in volume to 217,000 carats. By value, the country exported
cut diamonds worth US$46 million for the period, reports Interfax,
referring to data from the Armenian Customs Service.
http://www.diamondintelligence.com/magazine/magazine.aspx?id=9925
Oct 16 2011
ARMENIA SO FAR IMPORTS $37 MILLION WORTH OF ALROSA ROUGH IN 2011
16 October 2011
For the year to date, Russian diamond conglomerate Alrosa has
delivered US$37 million worth of rough diamonds to Armenia and could
deliver up to US$40 million worth by the end of the year, reports
Interfax, citing Armenian Deputy Economics Minister Karine Minasyan.
"Earlier, we proposed that by the end of the year Alrosa deliver uncut
diamonds worth up to $50 million to Armenia, but about a month ago
there was a decline of 20% on the world market and purchases by
Armenian companies decreased. I assume that, at a minimum, $40 million
worth of raw materials will be delivered," Minister Minasyan told the
news source.
Alrosa has already surpassed its 2011 supply commitment with Armenia,
which promises Armenian diamond cutters US$30 million worth of
Alrosa's rough diamonds. In 2010, Alrosa supplied US$25 million worth
of rough to Armenia as per the agreement.
The Alrosa rough was delivered to five Armenian cutting enterprises
that have supply contracts with the Yakutia-based miner.
For the first half of 2011, cut diamond exports from Armenia fell 24.7
percent in volume to 217,000 carats. By value, the country exported
cut diamonds worth US$46 million for the period, reports Interfax,
referring to data from the Armenian Customs Service.
http://www.diamondintelligence.com/magazine/magazine.aspx?id=9925