NewsBytes:Lazare Kaplan & Alrosa

June 1999

Diamonds:News

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.


 

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