Russia’s Rough Diamond Exports Increase 30.6 million carats in 2010
Itar-Tass reported...Russia's rough diamond exports raised almost four-fold to 30.6 million carats year on year in the first 9 months of 2010 and amounted to $2.16 billion, reports Itar-Tass.
Rough diamond imports fell by more than 200 percent to 52,600 carats generating $51.1 million during the nine month period, statistics from Russia's Finance Ministry revealed.
ALROSA produces 97 percent of Russia's diamonds and the company reported that production rose 5 percent to 34.4 million carats during the full year 2010.
Separately, Russia's finance minister Alexei Kudrin said that the government is considering opening a diamond exchange but stressed that it was important to ascertain whether a market to assure the exchange's liquidity exists before a final decision is made.
"As of now I doubt there are enough reasons for it and we continue to consider the question," he said.
By: JewelryOurs
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