Alrosa Considering $50 million Jewelry Retail Chain
IDEX Online, Isra
(June 17, ’07, 9:00 IDEX Online Staff Reporter)
Russian diamond miner Alrosa has never limited itself solely to diamonds. The company is also involved in gold and other precious commodities. Now the miner is contemplating heading downstream with the establishment of a chain of diamond jewelry stores.
According to a report in the Russian Vedomosty newspaper, Alrosa is planning to invest $50 million in establishing the high-end retail operation. Vedomosty reports that the company is considering jewelry lines for men, women and children, with prices starting at $800. Read more about Alrosa Considering $50 million Jewelry Retail Chain …