March 25, 2020 - ALROSA has launched a digital tender for special size rough diamonds (over 10.8 carats). It allows customers purchasing stones despite current travelling restrictions imposed between countries due to the COVID-19 pandemic. The auction takes place between March 23 and April 6.
Due to the global situation, the company decided to cancel the upcoming special size auctions, simultaneously offering customers to take part in a digital tender if they need such rough.
Digital tender is based on the technology that provides customer with a full digital scan of each rough diamond for detailed analysis. This allows buyers to thoroughly evaluate the rough and make informed purchasing decisions without visiting the company’s office, basing on comprehensive data regarding the offered rough stones.
"Health of our employees and customers is essential for us. This is why we decided to cancel upcoming auctions and shorten those already in progress. The company is in contact with customers from different countries, considering different supporting measures. One of the opportunities is a digital tender. It will not replace the traditional trading model, but becomes a solution for those who are ready to work remotely right now. From our part, we will provide all the necessary information about our rough diamonds and will negotiate with customers on payment terms and logistics," said Evgeny Agureev, Deputy CEO of ALROSA.
Since October 2019, ALROSA has been holding monthly digital tenders, and the results showed customers' interest in such a format in addition to the traditional approach. Digital scans allow selecting rough diamonds the customer wants to purchase before he comes to the office. Customers have been able to ensure that digital scans provide an adequate data about each stone.
ALROSA implements this project using various technologies. The information from 3D scanner consists of each rough diamond’s external shape, internal inclusions, anticipated color and fluorescence. The data is provided in a standard Sarine Advisor's planning format. It is ready for use by clients’ staff to evaluate possible polished output according to individual needs, preferences and price lists.
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