Alrosa will put diamonds in India $ 1 billion

Moscow (Reuters) - Alrosa Diamond -Providing Gosmonopolis, this year expects to put precious stones in India for about $ 1 billion, which will provide a third of its revenue, the company representative Andrei Polyakov said. Of this volume, part of the three Indian jewelry companies with which Alrosa recently can sign long-term agreements as part of the visit of the Prime Minister of the Russian Federation Vladimir Putin to this country. For three years, these three companies are expected - Diamond India Ltd., Ratila Becharlal & Sons and Rosy Blue - will buy $ 490 million from the Russian company of diamonds. The assortment and prices of supplies under these agreements will be able to be reviewed every quarter. India is the world's largest diamond manufacturer. According to the representative of Alrosa, this country is also entering the second place in the world after the United States in terms of consumption of jewelry products with diamonds. The Alrosa itself, the revenue from the sale of diamonds for which for 2010 is planned in the amount of $ 3.3 billion, by the crisis of 2009 bypassed the De Beers Corporation and became the largest manufacturer of diamonds in the world. In general, during Putin’s visit this week, Russia plans to conclude contracts with India worth more than $ 10 billion. (Polina Devitt. Editor Dmitry Antonov)