Severalmaz to begin selling roughs

Within the sphere of rough diamond sales, another company has come to the forefront. Severalmaz, a mining company in which Alrosa owns 90% stake said that it will begin the sale of rough diamonds during the year 2008. It expects to recover $12 billion worth of diamonds in phase one its Lomonosov deposit, located in the Arkhangelsk region.

According to Antwerp Facets in which Severalmaz president - Nikolai Abramov, mentioned that the production level would increase as the company would invest in additional operations at a number of points, in phase two of the Lomonosov project.