Alrosa announces long-term clients for the 2015-2017 contract period

Mining giant Alrosa has announced its list of long-term clients for the 2015-2017 contract period. To date, there are long-term agreements signed with 47 companies, 10 of them became long-term clients for the first time approved themselves as reliable partners in terms of tenders and spot sales.

The new long-term clients held their first trading session between 19-23 January.

Alrosa sells 70 percent of rough diamonds under its long-term agreements, which are the main principle of Alrosa’s sales policy. The contracts guarantee monthly supply of goods in pre-agreed volumes and assortments, and an option to purchase an extra range of goods.

This helps guarantee stable supplies of rough diamonds and provides 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 including clients having to 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. The 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.