Smolensk-based Kristall, the largest diamond producer in the Russian Federation, begins online sales of precious stones in November,
Interfax reports . The company expects that this will help it partially cope with the situation in the global market for diamonds and diamonds, where there is an oversupply. According to experts, the surplus in this industry is $ 500-700 million.
“For the first time in Russia, wholesale and retail buyers, including individuals, will have the opportunity to purchase Smolensk famous diamonds using the Internet,” the company said.
The foreign representative offices of Kristall work in Belgium, Hong Kong, Israel, the USA and the United Arab Emirates. In 2005, the company sold products for $ 347 million. 100% of its shares belong to the state.