Alrosa, the world’s largest Russian diamond mining company has signed a contract with the three Indian manufacturers in New Delhi. The president Mr. Andreyev Fyodor has signed the contract on behalf of Alrosa. The deal is to supply $490 million rough diamonds to India in the next three years. Alrosa, the Russian diamond mining company has signed its contract with Diamond India Ltd (DIL), Ratilal Becharlal & Sons (Jasanj Group) and Rosy Blue.

It is expected that this long term contract would help Alrosa to boost its sales to India as much as $1 billion or a third of the company planned output. In 2009, Alrosa sold more than $500 million of diamonds to India and in 2008 around $250 million. This year, the company plans to sell $3.2 billion worth of diamonds.

As per the terms of Mr. Praveen Shankar Pandya, chairman, DIL who signed the contract on behalf of DIL, says for a long being the diamond industry is trying to take direct supplies from Alrosa and DIL is working continuously from the last three years to achieve this. DIL is working closely with Alrosa to enchant the value addition of diamonds. DIL is formed by 60 diamond exporters and distribute its purchase among 60 committed members on regular basis and among other Indian manufacturers based on requirements.
The other two Ratilal Becharlal & Sons and Rosy Blue (India) Pvt Ltd are one among the 79 companies that are sight holders for the Diamond Trading Co. (DTC) 2008 – 2011 contract period.

Mr. Vladimir Putin, the Russian prime minister is on visit to India and Alrosa team is the part of delegation.

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