ALROSA held first diamond tender on Shanghai Diamond Exchange

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ALROSA held its first tender for the sale of rough and polished diamonds on the Shanghai Diamond Exchange (SDE). The tender was held following the Letter of Intent signed by the Company and the SDE in April 2013.

35 companies participated in the inspection sessions for both rough and polished diamonds. The tender brought in a total of USD 505.362 thousand for the sale of rough diamonds, and USD 245.389 thousand for polished diamonds.

This first tender on the SDE platform was something of a test, but has delivered positive results as SDE members showed considerable interest. ALROSA now plans further ventures with the SDE.

The tender is one more step in ALROSA’s policy to increase cooperation with Chinese companies. ALROSA has also entered into a long-term agreement to supply rough diamonds to Chow Tai Fook Jewellery Group, one of China’s leading jewellery manufacturers.

This page was last updated on 20 August 2013 at 16.32