.ru Vladimir Putin signed a decree on the creation of a diamond…
.ru Vladimir Putin signed a decree on the creation of a diamond cutting cluster on the territories of the Republic of Sakha (Yakutia) and Smolensk region.
Consensus
- President Vladimir Putin signed an edict to create a diamond cutting cluster in the Republic of Sakha and Smolensk Oblast.
- The cluster will begin operations on March 1, 2017.
- The operator of the cluster is the state-owned company 'Almazyuzhnoekspurt'.
- Participants in the cluster will include legal entities and individual entrepreneurs.
- The Ministry of Finance is responsible for defining criteria and procedures for inclusion in the registry.
- Subsidiaries of diamond mining must offer unprocessed or partially processed diamonds to cluster participants before placing them into circulation.
- The edict is published on the official legal information portal.
Points of divergence
- The 8% export duty on diamonds will be in effect from September of this year, potentially reducing ALROSA's EBITDA by 16% and increasing operational burden by 3.5 billion rubles. — interfax
- Pavel Marinychev, head of ALROSA, stated that the cluster will be organized with support from the Russian government and the administrations of Smolensk Oblast and Yakutia, including the use of idle facilities at the 'Krytsall' plant in Smolensk. — interfax
- ALROSA will provide participants with access to raw materials and discounts if they process all received material within the cluster. — interfax
- The Ministry of Finance forecasts a significant global diamond supply deficit by 2030 due to mine closures in Africa and Russia, with global production expected to drop from 80–100 million to 20–30 million carats. — vedomosti
- A 228.62-carat diamond of high quality was discovered in Arkhangelsk Oblast, the first over 50 carats found in 2026, classified as type II with minimal nitrogen content. — m24
Coverage (8 sources)
- In Yakutia preparations are underway for the creation of a specialized cluster for diamond cutting — Вести
- Decree signed on the creation of diamond cutting clusters in Yakutia and Smolensk Oblast — Интерфакс
- Putin ordered the creation of a diamond cluster in the Republic of Sakha (Yakutia) and Smolensk Oblast — Ведомости
- In Yakutia and Smolensk region, clusters for diamond cutting will appear — Вести
- In Yakutia and Smolensk region will create cluster for diamond cutting — Коммерсантъ
- Putin decided to create a diamond cutting cluster on the territories of the Republic of Sakha (Yakutia) and Smolensk region. — ТАСС (Telegram)
- Cluster for diamond cutting will be created in Yakutia and Smolensk region. — РИА Новости (Telegram)
- Putin decided to create a diamond cutting cluster in Yakutia and Smolensk region — Москва 24
Key entities
- Smolensk Oblast
- Sakha Republic
- Vladimir Putin
- Russia
- Republic of Sakha (Yakutia)
- Moscow
- TASS
- INTERFAX.RU
- Ministry of Finance
- JSC "Foreign Economic Association "AlmazjewelryExport"
- Ministry of Industry and Geology
- Foreign Economic Union "AlmazjewelryExport"