Sergei Vybornov, speaking at the third international conference of diamond producers in Tel Aviv, said Alrosa's current reserves will enable the company to mine diamonds for the next 35-40 years.

Alrosa, which accounts for 97% of Russian and 25% of global diamond output, reported earnings of $2.86 billion in 2006. Its shareholders are the Federal Property Fund (37%), companies (23%), and the government of East Siberia's Yakutia Region (8%).