OREANDA-NEWS. The delegation of ALROSA headed by its President Sergey Vybornov made a working trip to Armenia. The delegation had meetings with the Republic of Armenia’s President Robert Kocharian and Prime Minister Serge Sargsian.

Sergey Vybornov and Armenia’s Minister of Trade and Economic Development Nerses Yeritsyan signed an agreement between ALROSA and the Armenian Government on cooperation in the fields of diamond and jewellery manufacture.

The agreement provides in particular for bilateral exchanges of information and coordinated moves aimed at strengthening the competitive edge of Russian and Armenian diamond manufacturers in the global market.

It was also stated that ALROSA represented by its subsidiary OJSC Investment Group ALROSA already has some positive experience of operations in Armenia. At present Investment Group ALROSA is in the process of preparation for the development of the Azatek gold and complex ore deposit.