Last Updated :
30 July 2009 at 09:45 IST
Alrosa to sell $2 billion worth of diamonds in 2009
MUMBAI (Commodity Online): Alrosa is planning to sell $2 billion worth of diamonds in 2009, according to a report by Russian publication RIA Novosti.
The report cited Fyodor Andreyev, the company's new president, as saying that the first batch of diamonds, worth $50 million, has already been contracted for sale.
Andreyev added that both Russian and foreign companies were among Alrosa's potential customers and that a portion would be purchased by the Gokhran, Russia's state depository for precious metals.
Alrosa has maintained production levels and stockpiled its output through sales to the Gokhran during the first half of the year. The company also signed distribution agreements with 15 Antwerp-based companies to sell $500 million worth of rough diamonds.
NCDEX REFSOYAOILINDOREJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
After reading this article, people also read:
