International diamond manufacturer Dali Diamond, one of ALROSA's long-term clients, signed a loan agreement with EXIMBANK OF RUSSIA (part of the Russian Export Center Group) for the financing of rough diamond purchases from ALROSA. Dali Diamond successfully started to use the loan funds during the January trading session of ALROSA.

The loan agreement between EXIMBANK OF RUSSIA and Dali Diamond provides for a 24-month revolving credit line in euros.The terms of financing are among the best in the industry today - both with regard to rates and deferred payments to the bank. EXIAR is in charge of risk insurance under the agreement.

"It's another milestone for Dali Diamond to receive a seal of confidence of the EXIMBANK OF RUSSIA in choosing Dali as their first client in diamonds," noted Isidore Morsel, President of Dali Diamond Co.

"This transaction marked the beginning of cooperation between EXIMBANK OF RUSSIA and EXIAR with the diamond industry and one of ALROSA's long-term clients, the Belgian company Dali Diamonds. Undoubtedly, this transaction is a good foundation for further enhancing cooperation on projects related to export of diamond products to ALROSA, the undisputed international leader in the diamond industry," said Nikita Gusakov, Senior Vice President of the REC Group.

"We are happy that our long-term client Dali Diamonds had successful negotiations with the EXIMBANK OF RUSSIA and for the first time ever could finance the purchase of ALROSA's goods within a revolving credit line.It is a new source of funds in our industry, and we hope that such form of cooperation will work out," says ALROSA Deputy CEO Evgeny Agureev. "Now, when we often hear that sources of financing in the industry are cut down and key players have decided to withdraw from the sector or are considering such an option, the actual financing that took place is encouraging and is a milestone for the whole diamond market."