BELARUS NEWS AND ANALYSIS

DATE:

27/09/2006

National Bank Of Belarus To Sell Larger Diamonds

The National Bank of Belarus is preparing to sell a new consignment of 1,423 cut and polished diamonds containing stones weighing up to 3 carats, for a total weight of 348.22 carats, says a spokesman for the bank.

The bank started to sell cut and polished diamonds in December 2005. The first batch consisted of 1,056 round-cut diamonds weighing between 0.05-0.8 carats for a total of 250 carats. These diamonds were priced at between US$30 and US$3,500 each.

The bank buys rough diamonds from Alrosa, Russia's Yakutia-based diamond monopoly, and cuts and polishes them at its subsidiary, the Belgran plant in Gomel.

Source:

http://www.diamondintelligence.com/magazine/magazine.asp?id=4246