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Kiran Gems Signs Long Term Supply Contract with ALROSA

Dec 15, 2014 4:15 AM   By Kiran Gems
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Press Release: Kiran Gems, the world’s largest manufacturer of diamonds, has renewed its contract with Russian miner ALROSA, signing the long term supply agreement at the recently concluded World Diamond Conference  held in Delhi.

Pegged as a highly momentous and magnanimous conclave in the diamond industry worldwide, Russia's President  Vladimir Putin and India's Prime Minister Narendra Modi  attended the inaugural function on December 11, 2014. Mavji Patel, the managing director of Kiran Gems, and Dinesh Lakhani, the director of Kiran Gems, were present for the event.  Lakhani said, “We are happy to renew the contract with ALROSA. Being a manufacturer of the largest volume, consistent and ethical sourcing is core to us and ALROSA is a great sourcing partner.”

Kiran Gems manufactured 5.3 million carats of rough in the past year, which was sourced from various major miners of the world including ALROSA. The company has increased its manufacturing levels in the current fiscal year based on demands from its customers. Kiran Gems is also the single largest user of advanced manufacturing equipment across its all manufacturing units, spread across 1 million square feet of space in Surat and Ahmedabad. The renewed contract with increased supply levels from ALROSA would further streamline its sourcing.

About Kiran Gems:
Kiran Gems is the world’s largest manufacturer of diamonds. The company exports polished diamonds and diamond jewelry to more than 60 countries across the U.S., Europe, Middle East, Latin America and Asia Pacific. Currently, it is the number one exporter of cut and polished diamonds in the country and has been awarded for the sixth year in row for same by Gem & Jewellery Export Promotion Council of India. One can find out more about the company from its corporate website www.kirangems.com.

Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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