Russia ALROSA signs $ 490 mln contracts with Indian diamond cutters.

12/3 Tass 363

MOSCOW, March 12 (Itar-Tass) -- Russian diamond producer ALROSA has
signed three-year contracts with Indian diamond cutters Rosy Blue, Diamond
India, and Ratilal Becharlal and Sons for the supply of raw diamonds worth
490 million U.S. dollars in current market prices, ALROSA said in its
press release on Friday.

Under the contracts, the range and prices for exported diamonds are
subject to quarterly adjustment depending on the situation on the world
diamond market. The contracts also provide for possible increase in the
raw diamond supply volumes.
In 2009, ALROSA sold more than 500-million-dollar worth of raw
diamonds to Indian diamond cutting companies, which accounted for half of
the company's exports.
ALROSA is one of the world's biggest diamond companies, accounting for
25 percent of the world output.
-0-ras/usn


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