Advanced Search

India Preparing Measures to Raise Direct Purchases of Russian Rough

Sep 28, 2015 2:58 PM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India’s diamond industry is preparing proposals to increase direct purchases from Russia’s ALROSA, according to several media reports.

The move follows agreements reached by Indian Prime Minister Narendra Modi and Russian President Vladimir Putin in December when ALROSA had signed 12 contracts for the direct supply of diamonds to Indian companies.

India is mulling the possibility of introducing a formula for fair rough diamond prices to which ALROSA and Indian diamond manufacturers would adhere in their pricing policies, according to Rough & Polished. One of the possible steps would be to introduce governmental guarantees for the purchase of Russian diamonds to be supplied to the largest Indian diamond manufacturers.
Tags: Alrosa, India, Rapaport News
Similar Articles
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.