Diamond giant Alrosa held an executive committee meeting Friday, under the chairmanship of the company’s President and CEO Fyodor Andreev.

According to the diamond miner's press release, The Executive Committee discussed proposed adjustments to the company’s plan and budget for 2010: "Adjustments are required to be made due to a number of factors: growing core product (i.e. rough and polished diamonds) sales, anticipated indexation of employee wages and salaries, a necessary increase in expenses on repair and maintenance of core production facilities, lower interest rates and borrowed funds servicing costs, and some other factors."