Russian diamonds for Tiffany

Russian producer of diamonds, Alrosa, has signed a long term contract for the supply of rough diamonds in Laurelton Diamonds, a Belgian subsidiary of jeweler Tiffany & Co.

Diamonds

"Alrosa favors long-term contracts signed directly with the major producers of polished diamonds and jewels," said Fyodor Andreyev, the President of the Russian company, 

Tiffany now delighted to count among its customers. Until now, the jeweler had passed orders that the Russian producer unit. In 2011, the state-owned Russian Alrosa diamonds produced up to 34.6 million carats, worth about four billion.  

Tiffany & Co subsidiary, Laurelton Diamonds was founded in 2002 to buy rough diamonds and cut. The size is made in Belgium, Vietnam, South Africa, Botswana, Namibia and Mauritius. The Tiffany & Co, founded in 1837, is one of the largest global chains of jewelry and luxury goods. With nearly 250 brands worldwide, including more than a hundred in the United States, the jeweler posted a profit of $ 3.6 billion for fiscal year 2011-2012.