Alrosa Announces 2015-2017 Client List
February 04, 15
(IDEX Online News) – Russian diamond miner Alrosa today (Wednesday) announced its list of long-term clients for the 2015-2017 contract period. Ten of its current 47 clients are new customers.
The company said that the 10 new companies became long-term clients after proving themselves as “reliable partners” in terms of tenders and spot sales.
The long-term agreements are the main principle of Alrosa’s sales policy and the company sells 70 percent of its rough diamonds under long-term contracts. The contracts guarantee monthly supply of goods in pre-agreed volumes and assortments, as well as an option to purchase an extra range of goods.
Alrosa said that this system guarantees stable supplies of rough diamonds and provides a hedge against diamond price volatility on the diamond market.
Long-term clients of Alrosa must adhere to the company’s Guidelines on Responsible Business Practices, which include transparency and information disclosure, anti-corruption policy, compliance with Kimberley Process requirements and respect for human rights.
Selected long-term clients are entitled to use the ALROSA ALLIANCE trade mark, which confirms both the signed contract for diamond supply and the client’s reputation as reliable and trusted partner.
The full list of Alrosa’s clients can be found here.