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Frequently asked questions

• How can we guarantee our monthly participation in trading sessions for buyers under spot transactions?

  Rough diamond supplies under spot transactions stipulate for the sale of rough diamonds based on the actual availability of the goods in stock at the sales divisions of ALROSA. The procedure of forming the List of participants of trading sessions held for conclusion of spot transactions, agreed by the FAS of Russia stipulates for the monthly rotation of the participants of trading sessions. Thus, it is impossible to guarantee participation in trading sessions (there may be insufficient stock). Nevertheless, it is important to note that if diamonds in stock are insufficient to conclude spot transactions with all the buyers who meet requirements, preference will be given to:

  • The most active buyers in the previous trading sessions. Activity level is determined based on the actual data about: а) refusals to participate in trading sessions for which the invitation was sent; b) the share of contracted (selected) rough diamonds from the volume offered for purchase (selection percent); c) the cost of rough diamonds purchased under spot transactions. The share of such participants in the next trading session can reach 80% of the full list of participants.

  Thus, active purchasing during the previous trading sessions increases the chances of your company to be invited to next trading sessions.

• Our company submitted all the documents and received confirmation that the documents comply with the requirements. How and when do we know that our company is qualified to conclude spot transactions for the purchase of rough diamonds with ALROSA?

  The obtained information (documents) are verified within 30 calendar days upon their receipt by ALROSA. Based on the results of verification data, ALROSA Market Conjuncture Analysis Panel makes a decision. The Market Conjuncture Analysis Panel holds its meetings not less frequently than once in two months (Clause 7.8. of the Regulations). Thus, within 30–90 calendar days upon receipt by ALROSA of the information (documents), a notice of entering your company in the lists of business entities entitled to conclude spot transactions for the purchase of rough diamonds or of a motivated refusal thereof will be sent on ALROSA’s letterhead to the e-mail or postal address you provided.

• Our company filled in document templates, attached the documents stipulated by Sections 1, 2 and 3 of Appendix 1 to the Regulations and submitted them to ALROSA (Customer Policy Department and Marketing). How do we know that the submitted documents comply with ALROSA’s requirements?

  In clause 1.14. of the Questionnaire you provide details of a contact person in your company (including his/her e-mail address). Within 5 workdays ALROSA will sent to this e–mail address confirmation of your application’s receipt and information on compliance/non-compliance of the submitted documents with the requirements of the Regulations.

• Our company participates in competitive sales held by ALROSA. We would like to purchase rough diamonds under spot transactions. How should we proceed?

  Apart from the documents you submitted earlier, you should also submit the information and documents stipulated by Section 3 of Appendix 1 to the Regulations. Please also update the previously submitted documents if any changes have occurred.