Alrosa Wants Tiffany on its Client List
October 21, 07
Alrosa and Tiffany & Co are in the midst of discussions on a long-term supply agreement, Alrosa President Sergey Vybornov told the Russian business daily Vedomosti. As IDEX Online has revealed, Alrosa is in the process of forming a list of long-term clients, to start receiving regular supplies in 2008.
Alrosa is seeking three-year, fixed-priced contracts with clients that can purchase $100 – $250 million in rough diamonds annually.
According to the two firms, Alrosa already supplies Tiffany with rough diamonds.
Major De Beers Sightholders, as well as Israeli diamond giant Lev Leviev, are expected to win the long-term contracts.