Russia Close to Lifting Diamond, Pgm Export Quotas - Alrosa Chief
Posted on: Friday, 16 December 2005, 21:00 CST
MOSCOW. Dec 16 (Interfax) - The Russian government and Finance Ministry are rounding off preparations to abolish export quotas, Alexander Nichiporuk, head of Alrosa, Russia's Yakutia-based diamond monopoly, told reporters at a briefing in Moscow.
Nichiporuk told Interfax that this would apply to uncut diamonds and platinum-group metals (PGMs).
Alrosa has a five-year quota to export diamonds, which expires in 2008. The quota entitles Alrosa, which mines around 23% of the world's diamonds, to export $1.3 billion worth of uncut diamonds per year.
Alrosa expects all restrictions on uncut diamond exports to be lifted by July 1, 2006, in line with Russia's WTO accession commitments.
Source: Daily News Bulletin; Moscow - English
Related Articles
- The World Diamond Industry is Reaching out to Panama
- Are the Diamonds Forever?
- How to Avoid Buying a Conflict Diamond
- Blood Diamonds' Decline, but Not Povert
- 'Blood Diamonds' Decline, but Not Poverty
- Customs Not to Unveil Pgm, Diamond Export Data Before End 2005
- Old Ways of Antwerp Lose Their Sparkle
- Antwerp battles to stay world diamond capital
- AP: Diamonds Routed Through Switzerland
 |
 |
User Comments (0)
RSS Feeds