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Article: Russia awakens: Alrosa, Russia's state-owned diamond company, has taken over the role which for decades was filled by government. It also is establishing a vertically integrated enterprise, which it believes will make it one of the most dominant forces in the worldwide diamond business. (The Rough Market Realigned)(Cover Story).
- Article from:
- Israel Diamonds
- Article date:
- October 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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No longer content to assume a secondary role in the diamond industry, Russia has embarked on a long-term program, the aim of which is to establish the country as a primary player, to be mentioned in the same breath as its one-time patron and still dominant distributor, De Beers.
Whereas for decades the course that was traveled by the Russian diamond sector was plotted and steered by a plethora of government departments, the dominant force today is the Alrosa mining company. Despite being owned jointly by Russia's federal government and the government of the Republic of Sakha (Yakutia), the northeastern Siberian autonomous area where all of country's producing ...