NewsBytes:Lazare Kaplan & Alrosa
Lazare Kaplan International Inc. and Russian
diamond producer Alrosa have signed a 10-year
agreement that significantly increases the value of rough diamonds provided
to LKI's Russian factories for polishing. Alrosa will supply $100 million
in rough gem-quality diamonds yearly to existing and new LKI operations.
The agreement also secures a $62.3 million loan from the Export-Import Bank
of the United States that will allow Alrosa to buy U.S.-manufactured mining
equipment. The loan opens the door to further financing that could help
Alrosa make future purchases and expand its work force.
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