Diamond Engagement Rings Specialist

The Russian diamond producer, Alrosa has just signed a deal with diamond cutters in India for a three year contract valued at over £320 million. Alrosa is one of the largest raw diamonds suppliers and they account for a quarter of the world’s supply of diamonds today. They sold a little more than that last year to diamond cutting companies in India.

The two major diamond companies with whom they have signed the deal are Ratilal Becharlal & Sons and Rosy Blue Diamond. Depending on the situation changing globally, there has been provision made in the agreement to adjust the range of diamonds supplied as well as the price. It also includes provision for an increase in the supply.