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ALROSA to Stick to Long-Term Contracts to Ensure Stable Rough Supply
Dec 10, 2015 6:47 AM
By Rapaport News
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RAPAPORT... ALROSA will keep long-term contracts as the “cornerstone” of
its sales policy because it gives the company and clients a stable supply of
rough diamonds and protection against market fluctuations, the miner told
clients Wednesday.
The Russian company followed a
“conservative” sales policy throughout 2015, cutting both prices and sales
volumes, according to a statement December 9. The group met with long-term
clients to go over the year’s preliminary results and discuss market trends. It
said experts were reporting signs of recovery in rough diamond demand and expect
the market to stabilize in the second quarter of 2016.
Clients
at the meeting emphasized the importance of generic marketing programs to strengthen
demand for polished diamonds in the medium term, ALROSA said, adding that the
company and other miners had set up the Diamond Producers Association (DPA) for
this purpose. The DPA is expected to submit a draft marketing strategy in the
second quarter of 2016.
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Tags:
Alrosa, mining, Rapaport News
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