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  N e w s

DECEMBER 4  


"ALROSA" has been left without long-term quotas

On his return from India the President of the Russian Federation is to sign the decree on diamonds export and import. This document is very important for "ALROSA" Company - the decree provides the company with five-years quotas for diamonds export. However, the document comes into force only in two months after its publication. That means "ALROSA" is likely to begin 2003 with one-year quota but it can obtain five-years quotas later.

Nevertheless, the decree is regarded as a positive change in the domestic gemstones market.


Source: "Izvestiya"
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