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19 May 2004 20:12
Russian diamond producer to increase output, to focus on cutting
Moscow, 19 May: The largest Russian diamond mining company Alrosa will increase the production of its own diamonds in 2004 to 137.1m dollars (compared with 123.4m dollars last year). Alrosa President Vladimir Kalitin told an ITAR-TASS correspondent about these figures at the New Russian Style international jewellery exhibition, which opened in Moscow's Gostinnyy Dvor today. At present the company has a shareholding in four cutting enterprises working in Russia. "Our aim is to develop domestic cutting business and to restore the former glory of the Russian jewellery industry," he stressed. [Passage omitted]
[ITAR-TASS news agency]
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