Business
Russia's Alrosa to sell $490 mln worth of diamonds to India
Topic: Russia-India partnership
Russia's Alrosa to sell $490 mln worth of diamonds to India
© RIA Novosti. Vladimir VyatkinRussia's Alrosa to sell $490 mln worth of diamonds to India
© RIA Novosti. Alexander LyskinRelated News
Alrosa's diamond output to hit $2.24 bln in 2009 - Alrosa's diamond sales hit $1.73 bln in January-October
- Alrosa's diamond sales hit $1.34 bln in Jan.-Sept.
- Alrosa expects $1.7 billion in diamond sales in 2009
- Russian diamond firm Alrosa to invest over $2.8 bln in new mines
- Russia's raw diamond output up 4.6% in 1H09
Russia's largest diamond miner Alrosa said on Thursday it planned to sign three-year contracts with three Indian companies on the delivery of uncut diamonds worth $490 million.
The deals are expected to be signed with Diamond India Ltd., Ratilal Becharlal & Sons, and Rosy Blue during a working visit by Russian Prime Minister Vladimir Putin to India on March 11-12, Alrosa said.
Alrosa accounts for 25% of the global diamond output. In 2009, the company produced diamonds worth $2.2 billion, with its sales equaling the same amount.
In 2010, the company expects its output to reach $2.31 billion in terms of value and diamond sales to hit $3.3 billion
The Russian government holds a controlling stake in Alrosa.
MOSCOW, March 11 (RIA Novosti)
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