ALROSA has opened a representation office in Israel – it will deal with raw diamonds in the local market. JSC ALROSA produces 25% of the world diamond volume and 97% of Russian diamonds. In 2005 the profit of the company amounted to $2.86 bln, including diamonds produced in Africa - $3.1 bln. 37% of the company belong to the State, 32% - to the Ministry of Property of Yakutia, 23% - to private persona and legal entities and 8% - to Yakut uluses.

ALROSA Company has reported that in October 2006 it bought Israel Arkos Diamonds Israel LTD. The new subsidiary will be aimed at commercial activity, and t is expected that the representation office will start working by the end of January. ALROSA representatives prefer to avoid commenting on the opportunities of Israeli market.