ALROSA

ALROSA

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ALROSA

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Description:
ZAO ALROSA (), is Russia's largest diamond company. Alrosa is engaged in the exploration, mining, manufacture and sale of diamonds. The company's operations are located primarily in the Sakha Republic/Yakutsk region. Alrosa accounts for approximately 25% of the world's rough diamond supply and 97% of Russia's rough diamond production. The company's headquarters are in Mirny (Sakha Republic) and Moscow.

History

The company was set up according to Presidential Decree №158C of the President of Russia "On the Establishment of the Almazy Rossii-Sakha Joint Stock Company" signed on 19 February 1992, as the legal successor to the following entities:



On March 28, 1998, Russian President Boris Yeltsin signed the Law On Precious Metals and Stones - a document of vital importance to Alrosa, according to the company's website.

On July 2007 Verkhne-Munskoye diamond field in Yakutia was discovered with estimated value of about $3.5 billion.

In August 2009 during the recent financial crisis, Russian Prime Minister Vladimir Putin announced the Russian government, via Gokhran, would buy $1 billion in uncut diamonds from Alrosa. This was to support the...
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