TEL AVIV, February 12 (RIA Novosti) - Russia's Alrosa has proven rough diamond reserves worth $109.3 billion, the company's president said on Tuesday.
Sergei Vybornov, speaking at the third international conference of diamond producers in Tel Aviv, said Alrosa's current reserves will enable the company to mine diamonds for the next 35-40 years.
Alrosa, which accounts for 97% of Russian and 25% of global diamond output, reported earnings of $2.86 billion in 2006. Its shareholders are the Federal Property Fund (37%), companies (23%), and the government of East Siberia's Yakutia Region (8%).
