A 51.38-carat diamond is displayed during Russian miner Alrosa’s presentation of the Dynasty polished diamonds collection in Moscow, on August 1, 2017. Photo: Reuters

Russia’s Alrosa to trade in euros with Chow Sang Sang as world’s biggest miner of rough diamonds braces for a tough year in China

  • State-backed Alrosa finally succeeds in convincing Chinese customer to deal with it in a currency other than US dollars as it looks to get around US sanctions
  • Company hopes to maintain flat sales of US$180 million in China this year as US-China trade war crimps consumer spending
Topic |   Diamonds as an Investment

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A 51.38-carat diamond is displayed during Russian miner Alrosa’s presentation of the Dynasty polished diamonds collection in Moscow, on August 1, 2017. Photo: Reuters
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