Russian ALROSA since the beginning of 2017 managed to sell two batches of diamonds mined at the processing plant project Catoca (Catoca) in Angola, according to media reports.
Alrosa controls 32.8% stake in the Catoca venture, and the other is equal to the share owned by the Angolan state diamond company Endiama.
LL International Holding BV, which owns China-Sonagol, controls 18 percent stake, and Odebrecht Mining Services owns 16.4%.
"Since February 2017, our Angolan partners allowed us to participate in the sale, we have already sold two experimental batches of diamonds from the Catoca mine." - quoted by the Russian news agency Tass Vice-President of ALROSA Rinat Gizatulina. He added that the value of the transaction amounted to $ 10 - $ 15 million.
Catoca carries out operations for extraction of diamonds in the Angolan province of Lunda Sul.
It produces and sells about 6.8 million carats a year.
Meanwhile, Gizatulin said that ALROSA also plans to sell 35% of diamonds from the Catoca and about 50% of the stones from the field Luashe (Luaxe), also present in Angola.
Luashe is still in the development stage, production should start early next year, and the company production capacity of about 10 million carats per year.
"According to our geologists, this is a very promising large field, with reserves of not less than 400 million carats of diamonds" - Gizatulin said.
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Indian Institute of Gems and jewelry (Indian Institute of Gems and Jewellery, IIGJ), Promotion Council initiative exports of gems and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), now offers a three-year post-graduate training in the field of jewelry design and management practices in collaboration with Welingkar management Institute. The memorandum was signed Vasant Mehta of Understanding May 5 (Vasant Mehta), Chairman IIGJ, and Professor V. H. Ayer (VH Iyer), dean of Welingkar Institute of Management. Thus, IIGJ will be the first in India, an educational institution, offering a full training course for professionals in the field of precious stones and jewelry, which includes management training for professionals and entrepreneurs.
Vasant Mehta said: "We have always attached importance to management training as part of our three-year course, but now we raise it to a higher level with the module, which is designed specifically for the industry specialists of the Institute Welingkar".
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