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MARCH 20, 2001  


Severalmaz and Zvyosdochka Plant (Severodvinsk) Established JV for Diamond Cutting

Severalmaz and Zvyozdochka Plant (Severodvinsk) established a joint-venture for diamond cutting. According to the report by Archangelskaya Oblast Administration the enterprise originally bases on the cutting workshop of Zvyozdochka Plant.
Establishing of a new enterprise will enable the full circle of diamond production - from extraction to jewellery items manufacturing.
At present the enterprise works on ALROSA but it is expected that as soon as Lomonosovskoye deposit is developed it will supply enterprise with diamonds.


Source: AK&M
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