ALROSA Returns to Dubai

Palm Dubai

ALROSA has reopened its ARCOS East DMCC sales office in Dubai in November after suspending activity in the emirate during the market downturn in 2009. In a press release published today, ALROSA said the decision to reopen is connected to the rapid growth of Dubai as a global diamond-trading center.

Among the Russian diamond miner’s goals for the Dubai presence are holding local auctions as well as “controlling current market conditions and making forecasts on rough diamond prices.”

Large December Sight
Rough Diamond Market Report: Subdued Market Ahead of Diwali

Leave a Comment