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Russia’s export of diamonds in 2011 drops by 20 percent

At the same time, the cost of the exported diamonds in 2011 increased by 37 percent to 3.811 billion dollars in comparison with 2010

МOSCOW, March 23 (Itar-Tass) —— Russia reduced the export of diamonds in 2011 by 20 percent to 32.347 million carats in comparison with 2010 (40.406 million carats), the official statistics of the Russian Finance Ministry says.

At the same time, the cost of the exported diamonds in 2011 increased by 37 percent to 3.811 billion dollars in comparison with 2010 (2.781 billion dollars).

As was reported earlier, in 2011, the production of diamonds in Russia increased in comparison with 2010 by 0.8 percent to 35.14 million carats to the total sum of 2.675 billion dollars.

Ninety four percent of all diamonds of the Russian Federation are produced by the joint-stock company Almazy Rossii-Sakha /AK ALROSA/. The company occupies the first place in the world in the volume of production of diamonds in carats and money, its share in the world production of diamonds amounts to 30 percent according to the cost of products (in 2002 - - 18 percent).

In 2012, ALROSA plans to produce diamonds at the level of 34.6 million carats, the sale diamonds to the sum of more than five billion dollars. ALROSA reserves reach 1.2 billion carats and are enough for maintaining the production of diamonds at the current level during 32 years.

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Russian missile cruiser Varyag enters Mediterranean Sea

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Water level in Ishim River in Tyumen’s Abatsky up to 770 cm

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Ukraine’s military intelligence chief recognizes Russia’s success in Avdeyevka

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