Platinum’s rare nature gives it additional value and appeal

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

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There is a significant need for smart and technological financial solutions in the diamond industry

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The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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ALROSA held a meeting with long-term clients

09 december 2014
The management of ALROSA held an annual meeting with the Company’s long-term customers in order to discuss with them the preliminary results of 2014 and share views on the diamond market perspective.
The attendees agreed that the long-term supply practice used by ALROSA since 2009 has proved its efficiency. Such contracts guarantee stable supplies of rough stones, provide a hedge against diamond prices volatility and enable both the Company and its clients to do long-term business planning.
From 2015 ALROSA will embark on a new three-year contract period. By the end of 2014 the Company intends to complete signing long-term supply contracts with its customers for the new term.
Supply under long-term contracts will continue to be the core of ALROSA’s sales policy, as the Company plans to sell about 70% of rough diamonds on such terms. ALROSA has created a well-balanced system of distribution to the largest players in the diamond business, in particular, diamond manufacturers and jewellery retail companies.
The participants also discussed recent trends on the diamond market. Primarily, this is customers’ increasing interest to the origin of diamonds that is the result of insufficient transparency of the diamond industry and, also, the development of innovative technologies of laboratory synthesis of gem-quality diamonds. ALROSA’s customers agreed that joint efforts were needed to enhance the reputation of the industry in the eyes of end consumers. In this context, the clients spoke in praise of ALROSA’s efforts to exchange information with industry organizations on a regular basis, and implement responsible business practices in its long-term supply contract practice.
ALROSA is the world's largest producer of diamonds by carats. The company is engaged in exploration, production and sale of diamonds. ALROSA is mining diamonds in the Republic of Sakha (Yakutia) and in the Arkhangelsk Region. In 2013, ALROSA produced 36.9 million carats of diamonds and the Company’s revenue reached RUB 168.5 billion.