585/Zolotoy Jewelry Chain Signed agreement for RUB 570 million

On July 18, 2014, The Days of Vladimir Region event was launched with the ceremony being attended by Acting Governor of St. Petersburg Georgy Poltavchenko. The event featured presentation of capabilities and potential of the Vladimir Region.
Within the scope of the event representatives of large Russian companies – CEO of jewelry chain Zolotoy/585 Alexey Felixov and CEO of "Adamant" Jewellery Plant Sergey Avakian signed year-long cooperation agreement for supply of Adamant production worth a total of RUB 570 million, Russian Jewellery Network reported.
The agreement provides for direct supplies of jewellery from manufacturing plant to retail stores of Zolotoy/585 across the country throughout the year. The jewellery chain is currently represented at 480 stores located in more than 160 cities under the three brands: "585", "Zolotoy" and "Talent."
Alexei Felixov commented: "Being the leader of the Russian market, our company works only with major and reliable manufacturers. Production of Adamant is in great demand at the jewelry market, it is characterized with high quality and meets all appropriate requirements. Signing of the agreement is an important base for further mutually beneficial cooperation."