Manufacturers

Alrosa to maintain zero buyout obligations

Seeing the diamond industry’s long-term health and stability as a priority, the company said it will keep fully flexible trading conditions for its long-term clients during the first trading session of 2021

Alrosa has announced it will maintain its zero buyout obligation on goods allocation for the seventh consequent month.

Seeing the diamond industry’s long-term health and stability as a priority, the company said it will keep fully flexible trading conditions for its long-term clients during the first trading session of 2021.

The new trading conditions will allow the group’s long-term clients to request and purchase diamonds according to their real needs.

Evgeny Agureev, deputy CEO of Alrosa, said: “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 3-year contract period. During the first quarter of 2021, we will finalise our new long-term agreements programme and communicate it to our clients.”

He said: “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.”

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