Russian Alrosa who have been in mining business for a quite long time joined KGK Diamonds inorder to expand their partnerships and to take the diamond industry in Russia a step further ahead. The two companies joined hands for the second time when the two parties signed the 'Agreement of Intent' on 2nd of September at the Second Eastern Economic Forum.
The creation of polishing and cutting of diamond unit in the Eurasian Diamond Centre premises in Vladivostok, Russia. There will be a opportunity of employment for 120-150 employees which would gradually grow and reach about 400-500 employees in the upcoming year.
15,000 carats of diamonds is the target of manufacturing capacity which is planned to be reached in 4 years.
This article was posted on 07-Sep-2016.