The Memorandum of agreement on supplies of natural gem rough diamonds for the period of 2006-2008 was signed between ALROSA and De Beers in Vienna on 9 May, 2006 at a ceremony where Alexander Nichiporuk, president of ALROSA, and Gareth Penny, managing director of De Beers, were present. The Memorandum is in compliance with the decision of the European Commission of 22 February, 2006 and De Beers commitments before the European Commission.