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ALROSA Launches Digital Tender for Large Rough Diamonds

The auction takes place between March 23 and April 6.

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(PRESS RELEASE) ALROSA has launched a digital tender for special size rough diamonds (over 10.8 carats). It allows customers to purchase stones despite current traveling restrictions imposed between countries due to the COVID-19 pandemic. The auction takes place between March 23 and April 6.

Due to the global situation, the company decided to cancel the upcoming special size auctions, simultaneously offering customers an opportunity to take part in a digital tender.

Digital tender is based on the technology that provides customers with a full digital scan of each rough diamond for detailed analysis. This allows buyers to thoroughly evaluate the rough and make informed purchasing decisions based on comprehensive data without visiting the company’s office.

“Health of our employees and customers is of prime importance to us. Therefore, we have decided to cancel the upcoming auctions and shorten those already in progress. ALROSA is in constant contact with customers from various countries and considers different supporting measures. One of the opportunities is a digital tender. It will not replace the traditional trading model, but becomes a solution for those who are ready to work remotely right now. We will provide all the necessary information about our rough diamonds and will negotiate with customers on payment terms and logistics,” said Evgeny Agureev, deputy CEO of ALROSA.

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