Russia's Alrosa holds 50% of world's diamond reserves — Putin

Russian Politics & Diplomacy August 04, 15:17

The head of state specified that the company's output figures accounted for about 30% of global production

MOSCOW, August 4. /TASS/. Russian President Vladimir Putin noted that Alrosa holds 50% of the world's total diamond reserves during a meeting with the company's CEO Pavel Marinychev.

"Do you have reserves of 1 billion carats?" the head of state clarified. Upon receiving an affirmative answer from Marinychev, Putin said: "That is approximately 50% of the world's diamond reserves."

The President also added that the company's output figures account for about 30% of global production. "Thirty percent in carats," Alrosa's CEO confirmed.

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