|
RAPAPORT... ALROSA and India's Gem & Jewellery Export Promotion Council (GJEPC) signed a memorandum of understanding that is aimed at improving cooperation between the Russian and Indian diamond communities. ALROSA and GJEPC agreed to exchange information on how to engage their sectors, share diamond trade statistics and market research, address Kimberley Process issues and jointly work to ensure separate sales of natural diamonds, diamond jewelry and synthetics.
The agreement was signed at an official ceremony in Moscow on April 10 April by Fyodor Andreev, ALROSA's president, and Vipul Shah, the chairman of GJEPC.
Andreev said, “India is one of the major players on the global diamond market. ALROSA’s rough diamonds sales to Indian companies have been steadily growing for the last 5 years, amounting to $700 million in 2013. Indian customers successfully work with ALROSA on the basis of competitive bidding and under long-term contracts. The partnership between ALROSA and GJEPC will strengthen our cooperation with the Indian diamond community.”
|