Global Diamond Exchange, Inc. (GBDX)

[REVOLUTION2012]

Kristall Celebrates 45 Years, Aims for Sales of $1 Billion
(May 27, '08, 3:41 IDEX Online Staff Reporter)

DTC Sightholder Kristall recently celebrated its 45th anniversary and held a ceremony marking the occasion at its polishing facility in Smolensk, with leaders of the Russian and international diamond industry in attendance.



Kristall General Director M.A. Shkadov, who is also the president of the Russian Diamond Manufacturers’ Association, commented that the company’s progress up to its 45th anniversary was “solid” and that total sales of the Kristall group of companies in 2007 exceeded $500 million, double the level of five years prior.



He also said that the company has set an ambitious goal of bringing the group’s total sales to $1 billion in the coming years.

A state-owned corporation, Kristall is the first and only Russian DTC Sightholder.

http://www.idexonline.com/portal_FullNews.asp?id=30387

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