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Sakha polishing results show strong growth

Production value figures for diamond cutters in the Russian republic of Sakha (Yakutia) showed polished output grew in value by 16% over the year 2007 to total $180.37 million, according to a press announcement from the Sakha Ministry of Industry. A detailed release said that domestic manufacturers within Yakutia produced $146 million worth of cut and polished diamonds while $34.37 million was outsourced to be cut and polished abroad. This total does not include diamond polishing by Alrosa, carried out largely in Moscow, which totalled $153.7 million in value; this was down 3.5% on the 2006 level. The Sakha diamond manufacturers report said that in aggregate, they made net profit of Rb37.1 million ($1.4 million) for the year, compared to Rb35.1 million ($1.3 million) in losses for 2006.

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