ALROSA Appoints Rough Sales Management Team

Rough Market
23/08/2017 16:27

Russian diamond mining giant ALROSA recently announced that it has renewed the contract of Vice President Yury Okoyemov, who has been in charge of the Russian diamond miner's sales policy for eight years. Okoyemov is one of the authors of ALROSA's current system of selling rough diamonds, focused on long-term contracts. This system was introduced after the financial crisis of 2008-2009, when the auction sales that ALROSA previously focused on virtually stopped. Now ALROSA's long-term clients - the main players on the diamond market - are members of the ALROSA Alliance, the rules of which require them to buy rough diamonds from the company on a monthly basis regardless of market conditions, at a price set by ALROSA's market board.

Meanwhile, Evgeny Agureev has been appointed as Director of the United Selling Organization of ALROSA, the Company’s sales division. Before the appointment he was Vice President of Sberbank. Evgeny Agureev is to develop rough diamonds sales, increase their efficiency and transparency and strengthen ties with long-term clients. Among other tasks, he is to prepare ALROSA for a new three-year contract period – signing contracts with the world’s largest rough diamond consumers for 2018-2020. Evgeny Agureev has more than 15 years of experience in financial management in commercial banks. From 2009 to 2017, he held different positions in Sberbank from Head of International Reporting to Vice President, Director of Finance Department. Prior to that, he worked in Russian Standard Bank, MDM Bank, Raiffeisen Bank Austria, Absolut Bank, and Renaissance Credit Bank.