OREANDA-NEWS. December 04, 2013. ALROSA's President Fyodor Andreev and the Company's management held an annual meeting with long-term customers in Antwerp to summarize the preliminary results of 2012 and discuss current diamond market tendencies.

The meeting participants discussed practice of long-term sales in accordance with the Regulations on the Procedure and Terms of Sales of Natural Rough Diamonds, approved by ALROSA in 2012. They noted positive changes in sales procedure transparency and unified conditions of access to rough diamonds.

It was noted that demand for rough diamonds is gradually recovering after weakening period in the middle of 2013. Market experts assume that growing demand for polished diamonds and decrease of world diamond supply will be the fundamental growth drivers for rough diamond prices in the medium term, despite of volatility of rough diamonds market seen last years.

The long-term customers emphasized the necessity of generic marketing efforts aimed to stimuate diamond jewelry demand, as well as the necesity of a clear regultion framework to deal with synthetic diamonds.