NewsBytes:Lazare Kaplan & Alrosa

June 1999


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.

Copyright © 1999 by Bond Communications.


HomeAsk the ExpertBrainstormStatsSite of the WeekConsumer Press Scan
Your Business On-LineCalendarMagazine & Site ArchivesStaffSite Map
Professional Jeweler EventsGuide to Electronic Services
Classified On-LineJA Certification Study Session

Home Ask the Expert Brainstorm Stats Site of the Week Consumer Press Scan Your Business On-Line Calendar Staff Site Map