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ALROSA Screens Clients for 2017 Contract Period

Aug 25, 2014 4:07 AM   By ALROSA
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Press Release: In the run-up to the new three-year contract period, ALROSA begins  considering candidates to conclude long term agreements on rough  diamonds supplies for the 2015 to 2017 period.

Candidate companies will be examined according to the requirements that are based on the “Regulations on the Procedure and Terms of Sales of Natural Rough Diamonds by OJSC ALROSA,” approved by the federal anti-monopoly service of the Russian Federation, and also include the trading record with ALROSA:

1. Accumulated amount of purchases of rough diamonds and level of trading activity with ALROSA, especially during the slowdown periods on the world diamond market;

2. Legal capacity (including special capacity);

3. Reliable business reputation;

4. Financial stability;

5. Experience in trade in natural rough diamonds and their end products and

6. Solvency level sufficient to perform obligations to pay for purchased rough diamonds.

During the selection process of candidates applying for long term agreements on rough diamonds supplies (including industrial goods), according to set requirements, ALROSA, subject to given resource availability, will respect the interests of domestic manufacturers of polished diamonds and diamond instruments.

Negotiations with candidates applying for the signing of long term agreements for the 2015 to 2017 contract period will start in September 2014.

ALROSA will commence signing long term agreements on rough diamonds supplies for the new contract period starting from November 2014.

In addition to getting a guaranteed supply of goods in a pre-agreed volume and assortments, holders of new long term agreements will be entitled to use in their business activities, based on a separate agreement, an “ALROSA ALLIANCE”  logo indicating compliance of an ALROSA trading partner with the highest industry and business standards.

For all inquiries on terms and conditions of signing a long-term agreements on rough diamond supplies for the new contract period of 2017, please contact the ALROSA client relations and marketing department:

http://sales.alrosa.ru/
email: sales@alrosa.ru
Tel.: 7.495. 745. 58 .58
1-st Kazachy Per., 10/12, Moscow, Russia, 119017

ALROSA is the world's largest producer of rough diamonds in carats. ALROSA is engaged in exploration, mining and sales of diamonds. The company's operations are located in the Republic of Sakha (Yakutia) and the Arkhangelsk region of Russia. In 2013 the company produced 36.9 million carats of rough diamonds; 2013 revenue was RUB 168.5 billion.

Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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