ALROSA is drafting a proposal to establish a diamond bourse in the Far East of Russia to be presented for approval to Deputy Prime Minister Yuri Trutnev and Finance Minister Anton Siluanov, according to comments from ALROSA President Andrei Zharkov on the sidelines of the International Jewelry Forum in Moscow. "The company is considering the possibility of organizing a trading platform for rough and polished diamonds in the Far East. We are actively pursuing this issue. In the near future we will come up with a concrete proposal to the Deputy Prime Minister and Chairman of the Supervisory Board, who supervise our project. The proposal would specify terms of development of this trading floor. Now the whole issue is dealing with public infrastructure, it is necessary to work out the details. The new trading platform won't work out without these [elements]," said Zharkov.
Trutnev commented last month at the Eastern Economic Forum in Vladivostock that the diamond exchange in the Far East could be established next year.