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Signet Inks Rough Supply Deal with ALROSA

Arjav, Fischler Diamonds Brings Miner’s Client List to 50

Oct 21, 2015 9:02 AM   By Rapaport News
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Signet Direct Diamond Sourcing, a subsidiary of Signet Jewelers, has signed a long term rough diamond supply contract with ALROSA, the Russian miner confirmed with Rapaport News. The deal, which was signed in the third quarter, formalizes diamond purchasing by one of the world's largest diamond jewelry retailers from the top diamond producer by carat volume.

Reports of negotiations between the two companies have been circulating for more than two years and Signet has purchased rough at ALROSA's spot market sales in the past. The recent deal adds to the growing consistent supply that the jeweler is already sourcing from De Beers and Rio Tinto.

ALROSA currently has long-term supply contracts with 50 clients, having signed three this year - including with Signet, and in the second quarter with Belgian firms Arjav Diamonds and Fischler Diamonds. The contracts will run until the end of 2017, an ALROSA spokesperson said.

The following companies are listed as ALROSA clients on the diamond miner's website, as of October 21:
 

A.C. Diam B.V.B.A.

Espeka B.V.B.A.

PO Kristall

Arjav Diamonds NV

Fischler Diamonds NV

Rosy Blue

Arslanian Freres

Gomel PO Kristall

Ruis Diamonds

Asian Star Company Limited

Hari Krishna Exports Pvt Ltd.

S.D. Diamond

Aspeco N.V.

I.D.R.P. BVBA

S.V. Gems

Brilliant Gems NV

Jasani

Sahar-Atid Diamonds Ltd.

Brilliant Trading Company (1974) Limited

Karp Impex Limited

Sakha Diamond

Bronner Trading Company Ltd.

KGK Diamonds (I) Private Limited

Sheetal Manufacturing Company Pvt. Ltd.

Chow Tai Fook Jewellery Company Limited

Kiran Gems Private Limited

Shree Ramkrishna Exports Private Limited

Comdragmetall of RS(Y)

KP Sanghvi  HK Limited

Signet Direct Diamond Sourcing Limited

Dali Diamond

Kristall-99

Star Diamond Group

DDK

L&N Diamonds LTD

Taché

Diajewel NV

L.L.D. Diamonds Ltd

Trau Bros

Diamond India Ltd

LaureltonDiamonds

Tunalgy

Diarough

Lazyrit-D

Venus Jewel

Dimexon Diamonds Limited

Penford

Wing Hang Diamond Company Limited

EPL Diamond

Pluczenik Diamond Company

 

 

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