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Russian gems are popular at the International Gemstone Fair in Harbin

Hundreds of companies from Russia, Belgium, Poland, Thailand and other countries are represented at the International Gem Fair, taking place these days in Harbin. According to the Xinhua news agency, Russian gems are in the focus of attention of many Chinese entrepreneurs and collectors.

According to experts, Russian gems in the future will become a new factor in the development of this industry in Northeast Asia, and the Chinese province of Heilongjiang, bordering with Russia, will turn into an important platform for Russian gemstones to enter the Chinese market. As noted by Chinese experts, Russia owns 27 percent of the world's diamond reserves, 30 percent of reserves of precious stones and about 70 percent of semiprecious stones.

For its part, China is ready to offer a huge market and technology for processing stones. More than half of the Chinese market of semi-precious stones are already occupied by Russian raw materials, which are of very high quality.

At the Harbin International Fair of Gemstones-2014, more than 800 standard stands are presented, its area is occupied by 22 thousand square meters. Within the framework of the fair a number of events will be held, including an exhibition of precious stones from China and Russia.

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