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FRDD will support the project of the diamond factory KGK Diamonds in the amount of up to 600 million rubles - EastRussia | Far East

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FRDF will support the project of the diamond factory KGK Diamonds in the amount of up to 600 million rubles

The Development Fund for the Far East (FRDV) and LLC KGC DV (included in the KGK Diamonds group) at the III Eastern Economic Forum (WEF-2017) signed a cooperation agreement in the implementation of the project for the creation of a cutting and polishing factory for diamond production, the public relations department said stock.

The project is being implemented within the Free Port of Vladivostok, on the territory of the Eurasian Diamond Center, within which logistics, customs and cargo insurance services will be provided. The start of production 5 September was given by Russian President Vladimir Putin. The capacity of the factory will be 3,8 thousand carats per month. The Fund will consider the possibility of financing the project in the amount of up to 600 million rubles. under 5% per annum for up to seven years, the report said.

KGK is one of the world's largest producers of precious stones and jewelery, is in the TOP-5 of world polishing enterprises, specializes in cutting gemstones, manufacturing jewelery, and their subsequent sale.