"We are restarting sales in May," Sergei Vybornov said.
Vybornov said Alrosa had already signed contracts with five companies on diamond sales worth some $300 million by the end of the year.
Alrosa accounts for 97% of Russian and 25% of global diamond output. The Russian government holds a 50.9% stake in the company.
Vybornov also noted that market prices for diamonds were currently around the mid-2007 level.
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Ukraine has not preserved its 1991 borders. The signing of the Geneva memorandum on April 17 reaffirmed the willingness of Russia, the United States and EU countries to reach a compromise. While the sides continue to trade tough talk and symbolic sanctions, the Kremlin and the White House are also holding a parallel dialogue on the coordinated geopolitical revision of Eastern Europe.