May 12, 2020 / 8:32 AM / 24 days ago

Shareholder in Russia's Alrosa proposes selling $1.7 billion of diamonds to Gokhran: Ifax cites source

MOSCOW (Reuters) - Russia’s Yakutia region, a major shareholder in diamond producer Alrosa, has proposed that precious metals and gems repository Gokhran buy $1.7 billion of the company’s rough diamonds this year, the Interfax news agency reported on Tuesday, citing a source.

Sales of the world’s biggest diamond producing company have been hit by the coronavirus outbreak.

Yakutia’s governor, Aysen Nikolaev, in January proposed that Gokhran buy $0.5-$1 billion of Alrosa’s rough diamonds this year.

Reporting by Maxim Rodionov, Writing by Alexander Marrow,; Editing by Louise Heavens

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