Russia's government-owned diamond producer, Alrosa, will supply $30 million worth of diamonds to Armenia in 2011 under the terms of an agreement recently signed by Russian and Armenian governments, Armenian Economy Minister Tigran Davtyan has announced.

The Panarmenian.net news website reports that Alrosa has expanded its cooperation with Armenia diamond manufacturers, increasing its number of Armenian partners to 12.

By the end of Q1 2011, Armenia had imported rough diamonds with a total value of $6.8 million.