Russia to compete with India for the polished diamonds market

MINEX FORUM | September 6, 2017
img0 Russia’s government wants state-owned Alrosa (MCX:ALRS) to offer more favorable terms to local cutters so they are able to compete in a market that’s dominated by Indian manufacturers, said mining.com with reference to Bloomberg. In an interview with Bloomberg, Deputy Finance Minister Alexey Moiseev said that the Putin administration would like for Alrosa -which is the ...

ALROSA to sell diamons at the Hong Kong Jewellery & Gem Fair

MINEX FORUM | August 30, 2017
img0 The first auction will take place on September 13-17, introducing large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green, orange and purple colors. The second auction will be held on September 19-22. Diamonds of small and medium sizes as well as brown diamonds will be introduced there. During the Fair, Diamonds ALROSA will ...

Lukoil increased net profit to 138.7 billion roubles by selling diamond assets

MINEX FORUM | August 29, 2017
img0 Russia’s No.2 oil producer Lukoil reported on Tuesday a forecast-beating second-quarter net income of 138.7 billion roubles ($2.4 billion), thanks to a sale of its diamond mining business and a rise in rouble rates, said nasdaq.com. Analysts, polled by Reuters, had expected April-June earnings at 121.5 billion roubles after the company reported its second-quarter 2016 ...

ALROSA sold $365 million worth of diamonds

MINEX FORUM | July 12, 2017
img0 In June 2017, ALROSA Group sold USD 365 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 354.4 million, polished diamond sales – USD 10.6 million. In January–June 2017, ALROSA’s rough and polished diamond sales edged up to USD 2.497 billion. Rough diamonds were sold for USD 2.442 billion, ...

ALROSA increased sales by 1% in March

MINEX FORUM | April 11, 2017
img0 Image: aadiamonds.co.za PJSC ALROSA, the leader in rough diamond production, has announced rough and polished diamond sales results for March 2017. Rough diamond sales by ALROSA Group in March 2017 amounted to USD 554.2 million. Polished diamond sales for the same period amounted to USD 12.4 million. Total diamond sales in March 2017 amounted to USD 566.6 ...