The Israeli Diamond Industry Portal
Diamond News Center
Diamond News
Israel
World
Mining
Retail
Press Releases
Financial News
Today's Headlines
Newsletter
Features
World diamond statistics
eMagazine
Famous Diamonds
Become a Member
Get Our Newsletter
IDEX Online Prices
Yellow Diamonds Prices
Kimberley Process
IDEX Online Index
World Clock
Hong Kong  08:52
New York  20:52
Mumbai  06:22
Jerusalem  03:52
Brussels  02:52
Moscow  04:52
diamond trade diamonds diamond companies diamond manufacture diamond center buying diamonds
Diamond News Center > Diamond News > World

Diamond News

Report: Russia to Sell Off Diamond Giant Alrosa

12.06.12, 10:58 / World
diamond
Alrosa  Enlarge
Sorting and valuation of Alrosa diamonds
Russia intends to sell its entire stake in the giant diamond company Alrosa, according to a top Russian official. The surprising, and somewhat unlikely, privatization aims to raise money for improving Yakutia’s infrastructures.
 
First Deputy Prime Minister Igor Shuvalov, quoted by Interfax, said the transaction will be coordinated with regional authorities.
 
"We mean the entire stake,” Shuvalov emphasized, adding that this a sensitive issue for the government of Yakutia.
 
“They don't want to sell but there are so many infrastructure problems in the republic and many new deposits that could be developed, that the proceeds from the sale of Alrosa could significantly replenish the Yakutian treasury.”
 
The move is viewed as unlikely under the Putin regime, which has acted to regain control of the country’s resources in the past decade.
 
According to Shuvalov, currently the government does not see dividends “or anything else.”
By: IDEX Online
More on this subject:
Diamond Giant Alrosa's VP visits Israel (18/11/10)
Russia Considering Selling $1B of Alrosa Diamonds (29/08/10)
Alrosa Considers Gohkran Sales (19/07/10)
| | | | | | Share | | התראות RSS

 
Sign Up For Our Newsletter
Recommendations from Facebook

more news   |  more world news
News Rss Feeds
TODAY'S HEADLINES
Car Sales In Europe Fall To 20-Year Low
18.06.13
WORLD
U.S. Jewelry Sales Increase Significantly In 2013
18.06.13
WORLD
Diamantaire Lawrence Graff Granted British Honor
18.06.13
WORLD
Diamond Jewelry Sales Soar In Saudi Arabia
18.06.13
WORLD
Top Diamond Industry Groups Will Work Together
18.06.13
Financial News
New York To Start Spending Aid On Hurricane Damage
12.05.13, 12:40
Common Searches
diamond price
buying diamonds
Israel diamond exchange
Celebrity Jewelry
Diamond Needs
Trilliant,1.00 - 1.50
(09.06.13)
Radiant,3.00
(09.06.13)
This week's most popular news
UN Votes To Enter Congo War Over Diamonds
Alrosa Now Holding Rough Diamond Tender In Israel
Zimbabwe Bans Diamond Mining Close To Rivers
IDI – מכון היהלומים הישראלי ewave