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« Interfax: MinFin close to declassifying diamond data | Up a level | Is Google developing their own browser? »

October 29, 2004

Interfax: Yakutia boosts cut diamond output 150% in 9 mths

Diamonds in the news: Yakutia boosts cut diamond output 150% in 9 mths.

Excerpt:

Yakutia boosted cut and polished diamond output 150% year-on-year to $145 million in January-September, the republic's Industry Ministry told Interfax.
The ministry said output grew because cutting factories had built up adequate stocks to produce the required quantity and quality of cut diamonds and diamond-products.
Yakutia's authorities have also played their part by creating special conditions for export-oriented industries to prosper, the ministry said.
Government officials and cutting factory bosses have been sitting down to work out annual production plans every year since 1998.
In addition, all legislative and administrative questions pertaining to the diamond cutting industry are addressed by a Diamond Council set up by the republic's president.


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