Diamond industry to gain new prospects in Armenia


The diamond industry has been gearing up for a revival in Armenia, according to the deputy president of Alrosa, Andrey Polyakov. The Russian company not only owns 97 per cent of Russia’s diamond industry, but is also credited for a quarter of the world’s raw diamond production. Polyakov recently spoke with ArmenPress as he attended the
Armenia- Jewelry Regional Center forum that took place in Yerevan, Armenia.

“The intergovernmental agreement signed between Armenia and Russia provides for the import of uncut diamond to Armenia for the Russia’s domestic market prices. In particular, the export duties are canceled. According to the agreement, first the entire volume of the necessary raw materials will be transferred to Armenia to be processed,” he told ArmenPress. “There is an agreement with the Armenian side on the exchange of statistical data, which shows the necessary volume of the raw materials, the processing volume and based on that, the number of the raw diamond, exported to Armenia, is being determined.” CJ