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Alrosa Moves to Strengthen India Base
Apr 22, 2018 9:27 AM
By Rapaport News
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RAPAPORT... Russian diamond miner Alrosa has opened its first office in Mumbai as part of an
effort to strengthen ties with Indian diamond manufacturers.
The new location, housed in the Bharat Diamond Bourse, will
be headed by Jim Vimadalal (pictured, left), a former Rio Tinto and Swarovski executive. His
duties will include procuring and negotiating with new clients, exploring
partnership possibilities, and working with trade bodies.
“Our India office will drive the interactions with the
industry stakeholders more efficiently,” he said last week. “Going forward, the
cooperation between Alrosa and the polished-diamond manufacturers in India will
continue to grow, and opening the representative office in India is a logical
step in that direction.”
The company is also looking for opportunities to work with major
jewelry retailers in India, said Evgeny Agureev, director of Alrosa USO, the
miner’s main sales division. “The Indian diamond jewelry market has a huge
growth potential, including strong opportunities to strengthen the demand for
diamond jewelry at the retail end,” he added, without expanding on the plans.
Alrosa currently has 15 long-term contracts with Indian
diamond-manufacturing companies for the 2018-to-2020 period. The Russian-based
miner supplied nearly $700 million-worth of diamonds to the Indian market in
2017.
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Tags:
Alrosa, Bharat Diamond Bourse, Evgeny Agureev, India, Jim Vimadalal, mumbai, Rapaport News, Rio Tinto, Swarovski
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