In 2003 the governments of Moscow and of the Republic Yakutia intend to create joint company "Diamond alliance".

Yuriy Luzhkov, the mayor of the capital, and Vyacheslav Shtyrov, the President of Yakutia signed the documents on cooperation on Tuesday within the frameworks of Yakut Days in Moscow.

"Diamond alliance" company is supposed to be the joint property of the governments of Moscow and of the Republic Yakutia. It is planned that the company will realize the Moscow and Yakut jewellery industry products.