Alrosa’s new President Andrey Zharkov and the management of the company,  held a meeting with its long-term customers last week.

The company, in a statement said about the meeting: “The participants discussed current trends on the world diamond market and its future development prospects. The attendees emphasised the need for efforts to stimulate the demand for diamond jewellery in the world.”

Zharkov, speaking at the meeting, assured those present that “long-term contracts would continue to be the core of the company’s sales policy”, said the company, as such contracts “guarantee stable supplies of rough stones and provide a hedge against diamond prices volatility”.

Alrosa began its three-year contract with 48 clients worldwide from early 2015.