ALROSA, the world leader in diamond mining, held an annual meeting with its long-term clients on February 7. This is the first meeting of the new three-year client period, which started in January 2018.
In January 2018, ALROSA signed long-term agreements with 56 Russian and foreign companies for the purchase of gem-quality diamonds, and 11 contracts for industrial diamonds. During the meeting, representatives of all these companies had an opportunity to discuss with ALROSA’s management their work in the new contract period, trends and challenges of the global diamond market.
Management of ALROSA provided information on the Company’s 2017 results and its production and sales plans for 2018. In addition, the clients were once again informed about the principles of work in the new contract period, including the possibility of annual adjustment of the volume and range of rough diamonds they purchase. This provides greater flexibility in the work of both the Company and customers. The clients also received information about scheduled trading sessions and auctions.
“Long-term contracts will remain the main principle of ALROSA’s sales policy, a key to a stable development both of our business and business of our clients. I want to assure that we will strive to ensure the Company's marketing policy is as transparent as possible so that our clients have the guarantees of equal access to rough diamonds. ALROSA is open for cooperation and dialogue with our clients, we highly appreciate their trust and are interested in maintaining reliable and constant feedback with them", ALROSA CEO Sergey Ivanov said.
During the meeting, ALROSA also showed its customers the unique colored diamonds mined by the Company last year in Yakutia, including a pink gemstone weighing 27.85 carats, a yellow one with the weight of 34.17 carats and a lilac 20.18-carat rough diamond. In the future, ALROSA plans to cut these stones by its own at the facilities of DIAMONDS ALROSA and sell them at the auction.