Alrosa Launches Pilot Providing Digital Mapping of Rough Diamonds on Tender

Rough Market
11/11/2019 17:00

Teaming up with Sarine Diamond Technologies, Alrosa has launched a pilot program to provide digital mapping of its rough diamonds on tender so buyers can better assess the polished output and lower their purchasing risk. In a press release, the Russian miner said it provided the Digital Tenders information for the first time during the October 2019 trading period, offering its clients a full digital scan of each rough diamond for detailed analysis.

Digital Tenders uses Sarine's Galaxy inclusion mapping, DiaExpert planning and various other systems. The information specified in the scan comprises each rough diamond’s detailed external shape, internal inclusions and anticipated color and fluorescence, and is provided in standard Sarine diamond planning format, readily usable to evaluate possible polished output according to client's needs. Traditionally, diamond experts travel to an office to analyse the stones in person and without the assistance of mapping technology. Now, the miner says, Digital Tenders allow the procurement experts to utilize the expertise of their full planning team and collaborate with the polishing factory in order to come up with the best procurement decisions.

“Digital Tenders for rough diamonds allow us to improve our customers’ experience by reducing the risk associated with their purchasing decisions," said Evgeny Agureev, Deputy CEO of ALROSA. "This ensures their long-term sustainable profitability as well as streamlines manufacturing processes after procurement of the stones. ALROSA concurrently benefits from the ability to show products to a large variety of clients within a short timeframe. This is a very good example where digital technology enables the parties to end up in a win-win situation.”

"The diamond industry is evolving," said David Block, CEO of Sarine Technologies, "and rough diamond buyers are seeking ever more information in order to ensure decisions that are the most effective. Market conditions and margins are such that few can afford to err in the purchase of rough diamonds for their respective businesses."