As it has been reported by ITAR-TASS, Annual production potential of Russian diamond complex has exceeded $4 bln. These figures were quoted by the President of ALROSA Alexander Nichiporuk.

Last year Russia was the world leader in the cost of raw diamonds sold (22%), now Russia is in the top five in diamonds cutting.

In 2005 ALROSA is expected to exceed the results of 2004 – $2167 mln of diamonds mined and $2500 mln of diamonds sold.

Mr Nichiporuk estimated positively the growth of Russian luxury market. The volume of the market is expected to total to $1.7-2 bln, the growth rates of the market amount to 10% a year.