Ammosov North-Eastern Federal University, Yakutsk, Russia:

M. V. Nikolaev, Director, Institute of the Regional Economy of the North, Doctor of Economic Sciences, nikolaevmv_aic@mail.ru
E. E. Grigoryeva, Leading Researcher, Institute of the Regional Economy of the North, Candidate of Economic Sciences
A. A. Stepanov, Head of Laboratory

Based on the analysis of sales trends in the world market of diamond products, the authors discuss capabilities of restructuring the diamond industry in Russia by means of creation of new technology mode production based on the Russia’s Far East Industrial Center. The article reports economic performance indices for ALROSA, one of the world’s top diamond producers and a key supplier of diamonds for jewellery and lapidary plants in Russia. To ensure sustainable marketing of the products, the Company studies the issue of making an integrated sales area for diamonds and cut diamonds in the Far East, with the outlook for a large diamond exchange to be arranged in the future. Consolidation of the Company’s stand in the Asia and Pacifi c regions is consistent with the tasks set by the Russian government toward accretion of ruble-based commerce with the Asian partners. From the experience, it is profitable to arrange lapidary and jewellery plants together with the sales areas at the diamond exchanges. The territorial integration of interrelated plants and institutions that shape infrastructure of a diamond exchange will produce the cumulative profit of these plants in aspiration towards production at the world’s grade of quality. The authors study mechanisms of creating comfortable managerial and legal framework for the production: special economic zone, top-priority socioeconomic development territory; Vladivostok free port zone. The fiscal and customs privileges granted for diamond producers in the zone of special managerial and legal conditions are compared, and the investment projects in Yakutsk and at the Diamond Center on the Russky Island in the free port zone of Vladivostok are characterized. The risks related with the financial support and operation of these projects are defi ned.
The study has been supported by the Ministry of Education and Science of the Russian Federation in the framework of the basic part of R&D under the government-assigned task, Project No. 01201460079, №1201460076.

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