Alrosa Reveals Client List for 2020

RAPAPORT… Alrosa has named 58 companies that qualify for its long-term rough supply in 2020.

The annual reshuffle saw the mining company remove Belgium-based Blue Gems and Russia’s EPL Diamond from the roster, while it added Antwerp-headquartered IGC Group.



The program, known as the Alrosa Alliance, enables customers to obtain guaranteed monthly volumes of rough, granting stability both to the miner and its buyers. The arrangement accounts for up to 70% of Alrosa’s sales volume, and works in a similar way to De Beers’ sightholder system.



“Companies leave our client list if they do not meet the terms of the long-term agreement for some reason,” an Alrosa spokesperson said Thursday in an email to Rapaport News. “However, they can purchase rough diamonds from Alrosa through spot sales and tenders. Once these companies comply with necessary criteria, they may [apply for] a long-term contract again.”



IGC was previously on Alrosa’s list of candidates for future long-term contracts. The miner added four companies to that group this year, including two Israeli polished manufacturers: A. Dalumi Diamonds and Y. Dvash Diamonds, which is owned by Israel Diamond Exchange president Yoram Dvash. Belgium-based Arkot Diamonds has joined that roster, while Indian cutting firm M. Suresh Company, an existing long-term client, has also seen its unit in Vladivostok, Russia, added to the list of candidates.



Alrosa’s January trading session was the first with the new client list.



Alrosa’s new list of long-term clients, as published on its website: 



A.C. Diam

Aives

Arjav Diamonds

Arslanian Group

Asian Star Co.

Aspeco Belgium

Brilliant Trading Co.

Bronner Trading Co.

Chow Sang Sang Jewellery Co.

Chow Tai Fook Jewellery Co.

Dali Diamond Company

DDK

Dharmanandan Diamonds

Diajewel

Diamond India

Dianco

Diarough

Diarush

Dimexon Diamonds

Espeka

Fischler Diamonds

Gomel MA Kristall

Hari Krishna Exports

HVK International

I.D.R.P.

IGC Group

Jasani Group

Kapu Gems

Karp Impex

KGK Diamonds (India)

KGK DV

Kiran Gems

KP Sanghvi

Kristall Production Corporation

Kristalldiam

L&N Diamonds

Laurelton Diamonds Belgium

M. Suresh Company

Mohit Diamonds

Niru Diamonds Israel

Penford (part of Diacor International)

Pluczenik Diamond Co.

Richold

Rosy Blue

Rosy Blue (India)

SV Gems

Sahar Atid Diamonds

Schachter International

Sheetal Manufacturing Co.

Shree Ramkrishna Exports

Signet Direct Diamond Sourcing

Star Diamond Group

Swintu Diam

Taché

Trau Bros

VD Global

Venus Jewel

Wing Hang Diamond Co.



Candidates for future long-term contracts



A. Dalumi Diamonds

Arkot Diamonds

H.D. Diam

Laxmi Diamond

M. Suresh Vladivostok

Y. Dvash Diamonds



Image:
Alrosa’s Udachny mine in Yakutia, Russia. (Alrosa)