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Diamond cluster for 83.8 million in Vladivostok

Eurasian diamond center 180817

The Eurasian Diamond Center (EDC) will create an infrastructure cluster that will unite diamond and polished diamond companies focused on export-import operations with the Asia-Pacific countries, first of all, China, India, Japan and South Korea, the press service of the Ministry for Development of Russian Far East reports.

The Eurasian Diamond Center launched an investment project in the status of a resident of the free port of Vladivostok.

The volume of private investment in the project is 83.8 million rubles. At present, the RF Gokhran, a specialized customs post are already operating on the site, there are storage facilities and warehouses, and specialized transport. ALROSA diamond products are traded; certificates for production and export operations for customers are being issued. The project allows to provide a full complex of state control over production, export and import of jewelry in the Far East.

As EDC General Director Evgeny Sachkov notes, the infrastructure created is highly appreciated by the market participants; the lapidary and jewelry companies of Russia, Asia-Pacific countries and Europe show interest. Among them are such companies as KGK, Mercury, Moscow Jewelry Factory, Kristall Smolensk, and lapidary and jewelry enterprises from Yakutia.

"When companies invest money, build new enterprises, create jobs, this is the economic development of the regions. As a result, we have the opportunity to put the infrastructure right, to get a completely new level of revenue to the budget," said Deputy Prime Minister - Plenipotentiary of the Russian President in the Far Eastern Federal District Yuri Trutnev. To date, 35 new enterprises have been commissioned in the region, and by the end of this year another 85 will be built in the Far East.

Under the regime of the Free Port of Vladivostok in Primorsky Krai, 237 residents are implementing projects with a volume of investments of more than 231 billion rubles and planning to create more than 26,000 jobs.  The Eurasian Diamond Center is the hundredth resident of the free port of Vladivostok, having signed the agreement in November 2016. The EDC is located on the territory of the Terminal Expo in the city of Artem, Primorsky Krai (the area is 2 thousand square meters, in the future it can be increased up to 8 thousand square meters).