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Alrosa helps start Russian diamond hub targeting Asian market

Alrosa PJSC is helping to start a diamond center in Russia’s Far East to attract trading and manufacturing companies, and boost gem sales to Asian countries including China, the second-biggest buyer. About $1-billion of business should go through the Eurasian Diamond Center in 2018, when more than 100 firms involved in mining to polishing are expected to be part of it, according to Alrosa’s presentation for the opening on Friday. The Vladivostok-based hub will focus on similar services to the leading manufacturing and trading centers in Mumbai and Antwerp, Belgium.