Diamonds

In January-September, Alrosa reduced its profit under IAS by 38%

In January-September 2019, the Alrosa’s net profit under IAS decreased by 38% compared to the same period of the previous year to 51.067 billion rubles, it follows from the company's mate

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In October, Alrosa increased diamond sales by 9%

In October 2019, volume of Alrosa’s diamond products sales in value terms amounted to $264.4 million, the company reported.

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Alrosa produced 1.4 million carats of diamonds at Verkhne-Munskoye deposit for the year

Alrosa has summed up results of the first year of operation of the Verkhne-Munskoye mining complex at the diamond deposit of the same name, the company said in a statement.

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Alrosa sold diamonds for more than $7 million at auction in Dubai

Alrosa has summed up results of an international auction for the sale of diamonds of special sizes (more than 10.8 carats), which was held in Dubai, the total revenue from the sale exceeded $7 mill

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ALROSA to open a diamond processing school on the basis of NEFU in Yakutia

A technology school for processing natural diamonds and precious metals will appear at the North-Eastern Federal University (NEFU, Yakutsk), and the project is being implemented together with ALROS

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Alrosa may reduce production due to declining demand for diamonds

Alrosa will consider an option of reducing diamond production by 10-15% in 2020 due to presence of large stocks already formed.

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Alrosa to increase resource base of diamonds in Yakutia by 35 million carats

Alrosa plans to increase forecast diamond resources in the Alakit-Markhinskoye kimberlite field by 35 million carats. The site is located on the territory of the Republic of Sakha (Yakutia).

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In Q3, Alrosa decreased revenue from sale of diamonds by 37%

In the third quarter 2019, Alrosa increased diamond production by 24% quarter-on-quarter to 12.1 million carats, the 15% growth year-on-year was caused by launch of new and production growth at exi

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Udachny Diamond Mine will start development of reserves up to -630 meters

The Russian State Expert Review Board re-reviewed the project documentation and the results of engineering surveys for the stripping and pilot development of the Udachny mine reserves up to -630 me

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Diamond crisis. Alrosa tries to get out of a lenghty nosedive

On Tuesday, Alrosa published its report for the last three quarters of this year. As it turned out, over the past nine months the company's net profit decreased by 42%.

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