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09/27/06 9:00 AM

#4513 RE: Buddhaman #4509

Global Diamond must have a close relationship with Alrosa.

Alrosa is responsible for 100% of diamonds mined in Russia, as the article states.

This is very much relevant to GBDX, imo.

I suspect what we know here may be the tip of the iceberg.


"Alrosa is Russia's largest diamond company engaged in exploration, mining, manufacture and sales of diamonds and one of the world's major rough diamond producers.

The company accounts for about 100 percent of all rough diamonds produced in Russia and for about 20 percent of the world's rough diamond output..."