Date: 6 months ago   Category: Economy

ALROSA has tested sale of diamonds to clients in India and China for rubles - RIA Novosti, 8/15/2018


MOSCOW, 15 Aug — RIA Novosti. One of the largest global manufacturers of diamonds of ALROSA has tested the mechanism of settlings with foreign clients in rubles, having carried out transactions with China and India, if necessary it is ready to apply this scheme further, it is reported on the website of the company.© of the Photo: The press service of the ALROSA company has sold to ALROSA the most expensive Russian diamond "JSC ALROSA <…> has tested the mechanism of settlings with foreign clients in the Russian currency. As an experiment the corresponding transactions have been carried out with clients from China and India. If necessary the company is ready to apply the scheme of payments in rubles and further" — it is said in the statement. It is noted that in China VTB was engaged in bank support of the transaction. The Chinese company has made payment for the goods acquired at an auction for sale of diamonds of the special sizes (weight more than 10,8 carats) which ALROSA has held in June of this year in Hong Kong. By agreement with the winner of one of lots, the contract provided calculation for goods not in dollars, and in rubles. Payment has been made through VTB branch in Shanghai.© RIA Novosti / Vladimir Trefilov to Pass into an image bank Where will jump aside ruble after an obvalakroma of that, the long-term buyer of ALROSA from India has paid one of planned supply of diamonds for the contract in rubles. In this case the buyer has transferred ruble funds from the account in one more Russian bank. "The practice which has developed in the international diamond market provides payments between sellers and buyers of diamond raw materials in US dollars. We have tested the alternative scheme of calculations to understand as far as it realizable and what nuances need to be considered. Experience was positive, and we will apply it as required", − words of the board member, director of ESO "ALROSA" Evgeny Agureev are cited in the message. According to Agureev, the organization of payment through foreign branches of the Russian banks allows to accelerate and simplify considerably process of carrying out calculations as need of use of correspondent accounts for other banks disappears. He has also reminded that earlier supervisory board of ALROSA has charged to management of the company to consider the possibility of realization of diamond raw materials for rubles.

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