OREANDA-NEWS. On 19 August 2008 was announced, that RA Minister of Economy Nerses Yeritsyan met with Maxim Shkadov, the Chief Executive of "Kristall" OJSC of Smolensk and other representatives of the company. Gagik Abrahamyan, the President of the company "D-C-A" was also present at the meeting.

At the meeting M. Shkadov presented to Minister the activities of the company, pointing that it is one of the largest diamond producing companies in Russia and Europe in this field.

Possibilities of further Russian – Armenian cooperation in diamond and jewellery business, particularly questions regarding cooperation between "Kristall" and "D-C-A" companies were discussed during the meeting.

Mr. Shkadov informed that, the first part delivery of Russian gemstone to Armenia is expected in near future. The issues of rough diamond delivery on a large scale were discussed also. Mr. Shkadov mentioned that, they are planning to open representation office and develop large programs here in Armenia. In case of necessity, the Russian party is ready to provide equipment and technical assistance.

Nerses Yeritsyan thanked for visit and for full information about their plans concerning Armenia. He also emphasizes that Armenia is interested in import and processing of Russian rough diamonds, and expressed hope, that the reached accords on cooperation between Armenian, "Kristall" and "AlRosa" companies will be materialized successfully, overcoming existing obstacles and issues.

Mr. Minister also said that there is a possibility for some Armenian companies to buy rough diamonds from "AlRosa", the discussion on implementation of log-term investment programs took place as well.

It is significant to mention that, these accords were reached during the Minister's working visit to Moscow on June 20-23 of current year. In Moscow he met and held discussions with RF Minister of Finance Aleksey Kudrin, RF Minister of Transportation Igor Levitin and the President of "AlRosa" LC Alexander Vibornov.