Alrosa has maintained a zero buyout obligation for its long-term clients during the first trading session of 2021, citing the diamond industry’s long-term health and stability as a priority.
During the trading period that started on 15th January, 2021, Alrosa’s clients “can request and purchase diamonds according to their real needs”.
Evgeny Agureev, Deputy CEO of Alrosa, commented, “After the unprecedented challenge of 2020, we enter the new year with a relatively strong real demand across the whole diamond pipeline. In order to support the market balance and its sustainability, we continue to offer the maximum flexibility to our customers in January. We expect that in the first quarter, given the current global market conditions, demand for diamonds will remain solid. This period is especially important, as we are transitioning to another new three-year contract period.
“During the first quarter of 2021, we will finalise our new long-term agreements programme and communicate it to our clients. We are committed to our strategy on supporting the sustainable growth and development of our industry and believe that a cooperative and responsible approach is crucial to make our industry stronger and more resilient.”
With Covid-related travel restrictions still in place, Alrosa provides its clients with a comprehensive Alrosa Video-Viewer solution for the remote real-time analysis of diamonds. Viewings in the company’s United Selling Organization (USO) office in Moscow are also available on request, with strict procedures complying with all Covid-preventive standards in place.