ALROSA begins preparations for the 2015-2017 contract period

ALROSA, engaged in exploration, mining and sales of diamonds, has begun preparations for the 2015-17 contract period.

The candidate companies will be examined according to the requirements which are based on the “Regulations on the Procedure and Terms of Sales of Natural Rough Diamonds by OJSC ALROSA”, approved by the Federal Antimonopoly Service of the Russian Federation, and also include the trading record with ALROSA:

1. Accumulated amount of purchases of rough diamonds and level of trading activity with ALROSA, especially during the slowdown periods on the world diamond market; 2. Legal capacity (including special capacity); 3. Reliable business reputation; 4. Financial stability; 5. Experience in trade in natural rough diamonds and their end products; 6. Solvency level sufficient to perform obligations to pay for purchased rough diamonds.

During the selection process of candidates applying for long-term agreements on rough diamonds supplies (including industrial goods) according to set requirements ALROSA, subject to given resource availability, will respect the interests of domestic manufacturers of polished diamonds and diamond instruments. Negotiations with candidates applying for the signing of long-term agreements for the 2015-2017 contract period are expected to begin in September 2014 while ALROSA will begin signing long-term agreements on rough diamonds supplies for the new contract period starting from November 2014.

Apart from getting a guaranteed supply of goods in pre-agreed volumes and assortments, holders of new long-term agreements will be entitled to use in their business activities, based on a separate agreement, an “ALROSA ALLIANCE” logo indicating compliance of an ALROSA trading partner with the highest industry and business standards.