04 Dec 2021
DiamondWorld Directory
Home |
ALROSA Strengthens Rough Diamonds Supply and Demand Balance
ALROSA displays commitment to supporting the established rough diamonds market balance
By: Diamond World News Service
Apr 1 2021 3:07PM
Reference: 25486  


ALROSA, being committed to supporting the established rough diamonds market balance, decided to move its April trading session to the third decade of the month.

Initially the forthcoming session under long-term agreements was scheduled to start on April 12.

‘We are glad to see the continuing recovery of the industry with our clients expressing sustainable interest in purchasing our goods. However, in our view it is very important to keep the rough diamonds supply and demand balanced under current circumstances. To maintain the market balance and avoid excessive stocks accumulation, clients should have ample time to process and sell the goods they have purchased earlier. This is why we decided to shift our forthcoming trading session by one week from the initial schedule, so it will start on April 19, 2021,’ – commented Evgeny Agureev, Deputy CEO of ALROSA.

In general, diamond sales under long-term contracts account for about 70% of ALROSA’s total revenue. Trading sessions are usually held about once a month. Apart from them, ALROSA also arranges spot market sales, auctions and tenders.

Seeing market resilience and balance as a priority after the diamond trade slump in Q2-Q3 2020 caused by COVID-19, ALROSA since July 2020 provides its clients with a maximum flexibility. Compared with a traditional practice that implies a mandatory allocation, the company provides its clients with an opportunity to request only the goods they need in order to ensure the market equilibrium and optimal inventories’ level.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30163
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6625
GJEPC Chairman Interview
Views: 26421
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36330
Promo for IJ Awards 2012 at NDTV Profit
Views: 50276
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63631
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20386
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 48272
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47420
DW Whatsapp Sub sq
Member of:
Supporter of: