Alrosa looks to expand India presence

Alrosa is interested in cooperation with India. Source: Alexander Utkin / RIA Novosti

Alrosa is interested in cooperation with India. Source: Alexander Utkin / RIA Novosti

The diamond giant may open a representative office in Mumbai.

Russia’s largest diamond producer Alrosa is pondering over opening a representative office in Mumbai, its Chief Executive Sergey Ivanov told TASS on April 7.

The decision will be made within a few months, Ivanov said.

Media reports in March 2017 indicated that Alrosa and companies from the Bharat Diamonds Bourse could create a joint venture to extract diamonds at India’s largest discovered mine, which contains 34 million carats (worth $3 billion).

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