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. DiamAivesArjav 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 DiamondsDiajewel Diamond India Dianco Diarough Diarush Dimexon Diamonds Espeka Fischler DiamondsGomel MA KristallHari Krishna ExportsHVK International I.D.R.P.IGC Group Jasani GroupKapu Gems Karp Impex KGK Diamonds (India)KGK DVKiran Gems KP Sanghvi Kristall Production CorporationKristalldiamL&N Diamonds Laurelton Diamonds Belgium M. Suresh CompanyMohit Diamonds Niru Diamonds Israel Penford (part of Diacor International)Pluczenik Diamond Co.Richold Rosy Blue Rosy Blue (India) SV Gems Sahar Atid Diamonds Schachter InternationalSheetal Manufacturing Co.Shree Ramkrishna Exports Signet Direct Diamond Sourcing Star Diamond Group Swintu Diam Tach?(C)Trau BrosVD Global Venus JewelWing Hang Diamond Co. Candidates for future long-term contractsA. Dalumi Diamonds Arkot Diamonds H.D. Diam Laxmi Diamond M. Suresh Vladivostok Y. Dvash DiamondsImage:Alrosa's Udachny mine in Yakutia, Russia. (Alrosa)