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APRIL 24, 2001  


10th Anniversary of Diamond Cutting Industry of Yakutia

Scientific and practical conference where results of the first decade were discussed was dedicated to its 10th anniversary. Government of Yakutia Republic made a great contribution in the development of cutting industry. In 2000 production volume grew up to $112 mln. Budget of different branches received about $46 mln rubles. Future development is associated with new technologies implementation, stable supply, complete capacity utilising (75% of which are only used now).
According to Tuymaada Diamond General Director Mikhail Filippov difficulties occur due to the fact that there is no general licence on diamond sale or customs office service in Yakutsk.
Econamical efficiency of the future projects is still need to be estimated thoroughly, Head Deputy of Minister of Small Business and Development of Sakha Republic Ruslan Vasiliev.

YCIA
Source: Regions.ru


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