Russian President Vladimir Putin has opened a high-tech diamond cutting and polishing factory in Vladivostok, owned and operated by India’s KGK Group’s, according to IDEX Online.
The factory has a manufacturing capacity of 150,000 carats per year, employs 400 staff, and cost around $50 million. The opening event took place during the Third Eastern Economic Forum last week.
In his address, Putin remarked: “We discussed just a year ago this co-operation with [Indian PM] Narendra Modi […] We have almost doubled the supplies of diamond raw materials to Indian facilities. ALROSA is ready to broaden co-operation and deepen it even further, and we will of course welcome all efforts taken by you in Russia. We will always support such initiatives”.
