Russia Yakut plans to develop cooperation with China in the field of diamond processing

Deputy Prime Minister Dmitry Glushko of the Republic of Osaha (Yakutia) said at the promotion conference of the 2010 Shanghai World Expo on the 18th that Yakutia intends to strengthen and expand cooperation with China in the field of diamond processing. .

Speaking at the Russian New Press Center of the Russian Pavilion at the World Expo, Glushko pointed out: "China's diamond processing industry is in a leading position in the world, both in terms of the number of employees, the amount of raw materials processed, and the total price of products." He also pointed out that the Republic of Sakha mines 25% of the world's diamonds.

Glushko continued: "The cooperation between the Republic of Sakha and China in this field is not limited to exporting Yakutia diamonds to China. Yakutia's diamond processing companies and jewelry processing companies are opening offices and factories in China, and The Shanghai Diamond Exchange is registered. We are very interested in promoting our diamond mining products in China and Asia."

He said that the Republic of Sakha has the strength to become the world's top jewelry exporter. “It is planned to open a special economic zone with a production capacity of about US$500 million in jewelry processing and diamond processing in Yakutsk,” Glushko pointed out.

When talking to Chinese entrepreneurs at the promotion meeting, he suggested that they consider participating in the project as a registered company in the special economic zone, and said that in order to stimulate the production of Russian law, a series of concessions are offered in the SAR.

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