Alrosa contracts 2018-20 announced!
Long-term
contracts accounting
for
up to 70% of Alrosa sales!
Alrosa,
the largest diamond mining company in the world, has expanded the long-term
customer list in 2019 within the three-year contract period 2018-2020.
Six
customers who, from the beginning of 2018, were Alrosa Alliance participants
and candidates for the possible signing of long-term agreements obtained
long-term customer status. In particular, Chow Sang Sang Jewelery (China), Kapu
Gems (India), Mohit Diamonds (India), VD Global (India) and M. Suresh Company
(the UAE) joined the list of Alrosa’s long-term clients. The company from
Switzerland – Richold SA, appeared in the list for the first time. Thus, today
Alrosa supplies gem-quality diamonds under 59 long-term contracts and technical
diamonds – under 10 contracts.
In
addition, two Belgian companies – H.D. Diam BVBA and IGC Group NV (former spot
clients of Alrosa) supplemented the list of candidates for the possible
conclusion of long-term agreements.
Alrosa Alliance agreements will be signed with them.
“Long-term
contracts form the basis of Alrosa’s sales policy accounting for up to 70% of
sales of diamonds mined by the company. We confirm the inviolability of Alrosa
Alliance principles and are interested in diversifying our client base, which
has grown compared to last year. At the same time, we focus on confirmed
manufacturers of polished diamonds and products with them,” Evgeny Agureev,
Member of the Management Board, Director of the United Sales Organization at
Alrosa, said.
“Since
2018, the company has a new three-year contract period. Following the results
of the first year, we revised the list of long-term clients. Six companies,
including the largest representatives of the jewelry industry, confirmed their
trading activity, being the most effective of all candidates for inclusion in
long-term clients list. At the same time, several companies dropped out from
the list without confirming the effectiveness of their work with Alrosa,” –
added he.
All
Alrosa’s long-term customers are Alrosa Alliance participants who acquired the
right to use the relevant logo that confirms not only regular rough diamond
supplies from Alrosa, but also the reputation of a client as a reliable and
trusted participant of the world diamond complex.
Long-term
contracts guarantee volumes and assortment of monthly supplies, as well as the
possibility to purchase additional batches of rough diamonds. This form of
cooperation provides the company and its clients with stable supplies of rough
diamonds and protects against the volatility in diamond prices on the world
market.
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