ALROSA has signed three-year supply agreements with the Indian diamond manufacturers Rosy Blue, Diamond India Ltd. and Ratilal Becharlal & Sons for the amount of about US$490 million, in terms of the current market prices.
The contracts provide that the range and prices of the rough goods to be supplied will be agreed upon by the parties on a quarterly basis, based on the current situation in the global diamond market, with a possibility of additional supply.
In 2009 ALROSA sales to Indian diamond manufacturers amounted to over US$500 million, which is equivalent to half of the company’s export sales.
ALROSA attaches strategic importance to establishing direct, long-term and win-win relationships with diamond manufacturers and expanding geographic diversification of its trade.
