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Press room

14 Jan 2008 - 12:00

Smolensk Kristall, the Russian state-owned diamond cutting factory, announced today that its total sales revenues for the year just ended reached $404.4 million.
This represents a gain of 13% on the 2006 aggregate, the company said in a statement.
Kristall’s plant in western Russia has design capacity to cut 1 million carats per annum. According to Kristall, its production represents roughly half the Russian manufacturing market, which is approaching its Soviet-era level of $1 billion.
Lev Leviev's Ruis Diamonds is estimated to have generated sales in 2007 of over $300 million, according to a company source.
Polished sales at Alrosa's cutting subsidiaries totalled about $160 million in 2007.
In the statement, Kristall said it is targeting turnover value of $500 million this year.

By John Helmer.
www.polishedprices.com

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KRISTALL PRODUCTION CORPORATION

2 Shkadov Street, Smolensk, 214031, Russian Federation  

Tel.: +7 4812 20 01 00 / Fax: +7 4812 20 70 00

kristall@kristallsmolensk.com

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