ALROSA announces list of long-term clients for 2015-2017 contract period

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ALROSA announces list of long-term clients for the 2015-2017 contract period. On 19-23 January, the company’s new long-term clients held their first trading session.

Full list of clients is published at the client’s website of ALROSA – http://sales.alrosa.info/rough-diamonds/long-term-contacts/our-customers/.

As of today there are long-term agreements signed with 47 companies. 10 of them became long-term clients for the first time after proving themselves as reliable partners in terms of tenders and spot sales.

The long-term agreements are the main principle of ALROSA’s sales policy; 70% of rough diamonds are sold under long-term contracts. The contracts guarantee monthly supply of goods in pre-agreed volumes and assortments, as well as an option to purchase an extra range of goods. Such kind of cooperation guarantees stable supplies of rough diamonds and provide a hedge against diamond price volatility on the diamond market. ALROSA has formed a sustainable client base consisting of the largest market participants, including diamond manufacturers and major jewellery retailers.

Every long-term client of ALROSA is strictly selected in a number of legal and financial criteria. The long-term clients must adhere to the Guidelines on Responsible Business Practices which include transparency and information disclosure, anti-corruption policy, compliance with Kimberley Process requirements and respect for human rights. Selected long-term clients are entitled to use ALROSA ALLIANCE trade mark which confirms both the signed contract for diamond supply and the client’s reputation as reliable and trusted partner.

This page was last updated on 04 February 2015 at 16.40