As it has become known to Vedomosty, ALROSA is increasing its share in Almazny Mir, Moscow diamonds cutting plant. The State shareholding of the enterprise is going to be sold in 2004, but ALROSA plans to purchase 2% of the plant from Imperial Bank. As a result of this agreement, ALROSA will get over 47,7 % of the company’s shares and is to get the permission from the Ministry of Antimonopoly Policy for the shareholding consolidation. The vice-president of ALROSA Company, Sergey Ulin, having been appointed CEO of Almazny Mir recently, confirmed the fact that the agreement was not been finished yet as it had not been approved by MAP.