ALROSA targets U.S., China for large rough sales


ALROSA announced plans to bring its auctions of “special-size” rough diamonds to New York and Vladivostok, while presenting its 2017 sales program to its contract clients.

The company’s executives met last week with more than 70 long-term clients that participate in the ALROSA Alliance program. The meeting provided an overview of market trends and the company’s sales operations. It also allowed clients a preview of the 2017 trading schedule, which will be the final one of the current contract period. ALROSA is preparing a new sales contract that will begin in 2018.

The miner sells approximately 70 percent of its production to contracted ALROSA Alliance clients through 12 monthly sales. The remainder is sold mainly through its auction platform, which includes auctions of run-of-mine production and separate sales of special stones above 10.8 carats.

Read full article

Source Rapaport

Photo © courtesy of ALROSA.