In the first quarter, Russia sold abroad less stones, but earned much more.
8.56 million carats from Yakutia (-7.3 percent year to year) left Russia but their value (1.03 billion dollars) was 30.3 percent higher than a year ago.
The most money for Russia's diamonds were spent by the Belgians (678.4 million dollars). Indians paid 199.1 million dollars, Israelis 81 million and Arabs from the UAE - 33 million dollars.
Throughout last year, Russia sold through its diamond company Alrosa 32.4 million carats of diamonds (-20 percent) and banked on that 3.81 billion dollars, the Russian Ministry of Finance reported.
How to Enter a New Market and Avoid Getting Stuck at the “Online-Only” Stage: The Case of Krayna’s Expansion into Spain
Entering a foreign market is rarely just about having a strong product. More often, success depends on a combination of the right decisions, partnerships, timing, and the ability to seize opportunities when they arise. This was exactly the path taken by Krayna, a Polish producer of vegan cosmetics, which successfully established its presence in the Spanish market.
czytaj więcejThe “Port Polska” investment programme marks a major step forward in strengthening Poland’s economic resilience and industrial potential. The initiative focuses on supporting the development of domestic companies, ensuring security of supply, and creating local jobs, all while increasing the share of Polish involvement in large-scale infrastructure projects.
czytaj więcejDuring the Investor Gala organized by the Polish Investment and Trade Agency (PAIH), the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) announced its decision to establish a Technology Park in Poland.
czytaj więcejThe Polish cosmetics industry is increasing its presence on the Italian market, highlighting the growing export potential of Polish beauty products. A significant share of Polish cosmetics exports goes to European Union markets, reflecting strong integration with the European cosmetics sector.
czytaj więcejTen Polish food producers participated in a business mission to Denmark organized by the Polish Investment and Trade Agency (PAIH). During the event, the companies held as many as 150 business meetings in a single day, creating concrete opportunities for export contracts with Danish partners.
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