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ALROSA
Russia's diamond miner ALROSA sees India as a key partnerALROSA is the world’s largest diamond mining company. It accounts for over 30% of the global diamond output. Our reserves exceed 40% of the...- India asks US to allow release of funds frozen over suspected Russia diamond linkIndia has asked the U.S. to allow the release of $26 million belonging to at least two Indian diamond firms that was frozen due to their al...
- India asks US to release funds frozen over suspected Russia diamond link: SourcesIndia has requested the US to release $26 million frozen by the Office of Foreign Assets Control (OFAC) due to alleged trade links with san...
- Ukraine impact: About 250,000 workers in Surat's diamond units sent on leave, job losses loomThe US Treasury had slapped sanctions on Alrosa on April 8, potentially cutting off about 30% of the world's supply of rough diamonds.
- Fresh sanctions on Russia cut Gujarat diamond workers, tooWorking hours have been reduced to eight hours from 12 and units have declared two days off weekly, which is having a bearing on the wages ...
- Russian diamond miner ALROSA extends rough diamond supply contracts to Q2 of FY22ALROSA’s sales policy is based on 3-year long-term contracts with major diamond cutters, dealers, vertically integrated companies and diamo...
- Diamond mining company Alrosa to offer zero buyout obligation to its clients despite demand revivalThe company will give its long-term clients an opportunity to request only the goods they need as the speed of the demand recovery varies a...
- Wedding demand will drive diamond consumption in the quarter to DecemberDe Beers also said it has executed 80% of its orders with Indian manufacturing units in Surat and retailers across the country to cater to ...
- Alrosa to be flexibile with dates for its rough diamond trading sessionsTo make diamond supply more steady, ALROSA is moving its next trading session from August 10-14 to the second half of that month. "The date...
- Russian diamond major ALROSA offers rough diamonds through digital platform to customersThe offered volume is the largest ALROSA has ever put on a digital tender. The company provides detailed information on each diamond for re...
- Alrosa to give full flexibility to Indian rough diamond buyersAlrosa’s response follows a request by the Gem & Jewellery Export Promotion Council (GJEPC) to the miner on March 14.
- Diamond jewellers get time till May to procure contracted rough stonesALROSA has allowed the Indian trade to lift 40% of the contracted volumes initially even as export shipments of polished diamonds from Indi...
- Indian companies plan payment in roubles to get around US sanctionsAt present, all diamond purchases are done in US dollars and the government is trying to use other currencies for trading with countries th...
- Post-Nirav scam: Alrosa now cautiousAlrosa expects growth of 5-10% in FY19 over FY18 in the Indian market, he said.
- Russian major to set up diamond base in IndiaVimadalal said ALROSA has plans to launch its own brand of diamonds for the Indian market to be launched in 2019 or 2020.
- Russia plans gem reform to compete with India's million workersThe plan may lead to Alrosa selling about 10 percent of its gems domestically, Moiseev said, adding that there are no plans for Alrosa to i...
- Indian companies ink pact to buy $2.1 billion diamonds from RussiaRussia is the world's largest producer of diamond, while India is the world's biggest manufacturing centre for cut and polished diamonds.
- India courts Russia’s Alrosa for steady supply of diamondsIndia has offered that state-run trading company MMTC could conclude a long-term agreement with Alrosa, a conglomerate of Russian diamond m...
- State-owned MMTC keen on buying stake in Russian diamond minerThe government has given green signal to state-run companies to pick up stake in Russian diamond major Alrosa.
- Russia's diamond giant wants to dig deeperJust below the Arctic circle, amid sprawling tundra forests that are the only sign of life for hundreds of kilometres (miles), geologists f...
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