Tiffany & Co. reported that senior management visited some of ALROSA’s operations. The delegation was led by Vice President and Chief Operating Officer of the company’s diamond division Michael Bergkoetter in a bid to familiarize itself with ALROSA’s diamond operations.
“Issues like social welfare and environmental protection are vital for Tiffany. The implementation of such programs, including protection of employees and concern about society, are an integral priority in our rough diamond supply chain,” – said Michael Bergkoetter.
They visited the ‘Internatsionalny’ underground mine, Nyurbinsky and Botuobinsky open-pit mines, the processing plant at Nyurba division, and ALROSA’s Diamond Sorting Centre. ALROSA has supplying diamonds to Tiffany & Co. since 2012.
ALROSA entered into a diamond supply agreement with Tiffany & Co. in 2012. The company purchases rough diamonds under long-term agreements through its subsidiary Laurelton Diamonds.
Founded in 1837, Tiffany & Co. has long been renowned for its luxury goods, especially jewelry, and has sought to market itself as an arbiter of taste and style. Tiffany operates more than 300 stores worldwide today.
