The Russian government’s stake has been increased to 50% plus one share in the diamond producer while the Republic of Sakha (Yakutia) where Alrosa’s diamonds are mined and eight of the republic’s districts (uluses) have retained 32% and 8% of the company’s shares respectively, the statement said. Alrosa, which accounts for 97% of Russian and 25% of global diamond output, produced diamonds worth $2.37 billion in 2007. (rian.ru)
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