Essay on Almazjuvelirexport Case Study

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CASE STUDY #1 FOR GLOBAL ENTREPRENEURSHIP
MGT-2248-330
PREPARED BY: ALEXANDRA SOKOLOVA
PREPARED FOR: DAWID NEWING

COMPANY NAME: “ALMAZJUVELIREXPORT”
WWW.ALMAZ.RU

COMPANY DESCRIPTION AND INFORMATION
“ALMAZJUVELIREXPORT” stands for –“Almaz”(rough diamond) -“juvelir”(jeweler), and “export” is evidently clear. Company profile info:
State-Owned Unitary Enterprise Foreign Trade Association v/o "Almazjuvelirexport".
25 block 1, Zubovsky Boulevard, Moscow 119021, Russia.
Tel.: (095) 245-3410, 245-3420.
Fax: (095) 956-6326.
Satellite com.: (7-502) 220-2018.
Telex: 411115.
Company was founded in 1970 in Moscow, and executes government’s assignments on export of precious stones and metals such as platinum group metals, emeralds,
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Russia is on the third place by polished diamonds cost and quality of polishing has been a leader for decades. Traditionally, significant jewelry manufacturing in recent years feels unprecedented growth, driven by consumer boom.
Russia's position is unique in the sense that all other countries are part of a single "diamond pipeline", and involved either in diamond mining, or diamond polishing, or in the production or the consumption of finished jewelry. Russia is not just characterized by commodity orientation; it has all the elements of the diamond pipeline, from the richest diamond reserves in the ground and to a multitude of existing and potential customers.
To sum up, in 2010 the Russian market is estimated as $ 3 billion on raw materials, $ 1.2 billion on diamonds and $3 billion on ready precious jewelry.

SITUATION ANALYSIS STREIGHTS | * VTB Bank and "Almazjuvelirexport" are connected by long history of cooperation, due to the mutual interest of the parties in comprehensive future development; strategic partnership agreement between bank and company took place. Implementation of the agreement requires the involvement of VTB as one of the main credit agencies for an integrated banking group and its subsidiaries. VTB is one of the major and most trustfully banks. * In 2011. Russia’s Gokhram foreign association has allocated to "Almazyuvelirexport" about 24 tons of metal

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