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Topic

Alrosa aims to sell 40m carats of diamonds in 2018

By: Reuters     25th January 2018 Alrosa could sell around 40-million carats of diamonds in 2018 provided market conditions are favourable, the Russian State-controlled diamond miner said on Thursday. The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine... 

Alrosa appoints director for soon-to-be-opened Indian office

By: Creamer Media Reporter      25th January 2018 Diamond mining company Alrosa has appointed Jim Vimadalal, who previously worked at the Indian offices of Rio Tinto and Swarovski, as director of its representative office in Mumbai. The Indian office is scheduled to open in March. 

Russia not discussing reducing its stake in Alrosa in 2018 - RIA

By: Reuters     24th January 2018 Russia is not discussing reducing its stake in diamond miner Alrosa in 2018, the RIA news agency quoted Alrosa CEO Sergei Ivanov as saying on Wednesday. 

Alrosa signs 67 long-term diamond supply contracts

By: Creamer Media Reporter      23rd January 2018 Diamond major Alrosa has signed 67 long-term agreements for the sale of gem quality and industrial rough diamonds, 12 of which are agreements with Russian companies. Of the eight Russian companies that are buying rough diamonds from Alrosa, three are new clients – Aives, Diapur and Kristalldiam. 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

By: Mariaan Webb     11th January 2018 Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped. Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by... 

Rosneft decides against bid for Alrosa's gas assets for now

By: Reuters     10th January 2018 Rosneft has decided against bidding for gas assets being sold by diamond miner Alrosa, at least for now, the Russian energy company said on Wednesday, saying the auction terms were unacceptable. The world's largest producer of rough diamonds plans to sell its gas assets in Russia's Yamalo-Nenets... 

Zimnisky Diamond Price Index rises as demand improves

By: Henry Lazenby     20th December 2017 The Zimnisky Global Rough Diamond Price Index has gained 2.7% up to mid-December, with polished prices are down 3.5% in the same period, diamond analyst Paul Zimnisky said in a new blog post. The reason for this, according to the New York-based analyst, is that 2017 has been a year of excess... 

Canadian junior mining company makes progress in Northern Cape

15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

Polymetal, Alrosa receive top honours in Russian environmental report

By: Megan van Wyngaardt     14th December 2017 LSE-listed Polymetal International was awarded the top rating in environmental responsibility among Russian metals and mining companies by the World Wildlife Fund (WWF). The WWF, in collaboration with the United Nations Development Programme, Global Environmental Facility, and the Russian... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent regions, thereby showing a degree of positivity with signs of growth. This also points to a degree of untapped potential that is ready to be unlocked through increased investment upstream and... 

Diamond miner Alrosa refinances loan

By: Mariaan Webb     5th December 2017 Russian miner Alrosra has reduced its debt to $1.48-billion, following an early repayment of $120-million on its $720-million bank loan due in 2019. The diamond mining group has refinanced the balance of $600-million through two new loans of $350-million and $250-million issued by Raiffeisenbank... 

Alrosa Q3 net profit halves on losses from flooded mine

By: Reuters     17th November 2017 Alrosa, the world's largest producer of rough diamonds, said third-quarter net profit has halved to 12.95-billion roubles from the year-ago period, caused by losses related to a flooded underground mine. The company said it incurred losses worth 7.38-billion roubles from the flooded mine Mir. 

Announcing noteworthy diamond finds keeps market interest high – Paragon International

By: Henry Lazenby     10th November 2017 A review of 61 diamond finds over the past five years, which were significant enough to warrant press releases by the companies that mined them, shows that announcing the diamond finds publicly keeps market interest high, said diamond investment specialist Paragon International Wealth Management... 

Alrosa recovers two 100-ct-plus diamonds from Jubilee pipe

By: Creamer Media Reporter      9th November 2017 The Jubilee (Yubileynaya) pipe at Aikhal mining and processing division of Russian miner Alrosa has yielded two gem-stone quality diamonds of more than 100 ct each last year. The smallest of the two stones is a 108.34 ct rough diamond, measuring 23 mm by 20.56 mm by 17.86 mm. The other stone is a... 

Alrosa's Vladivostok special-stone auction brings in $9m

By: Creamer Media Reporter      3rd November 2017 Diamond miner Alrosa has netted $9-million in the special-size rough diamond auction that was held at its branch in Vladivostok in late October. The company sold 66 stones with a total weight of 1 084 ct. Alrosa said the most expensive diamond was a 40.47 ct stone that sold for more than... 

Alrosa reaffirms commitment to long-term contracts

By: Creamer Media Reporter      1st November 2017 Russian diamond giant Alrosa has reaffirmed its commitment to channel 70% of its sales to key customers governed by three-year contracts. Alrosa started implementing long-term contracts in 2009 and has said that the sales practices had repeatedly proved its efficiency. 

Alrosa reaffirms 2017 guidance of 5% production growth

By: Mariaan Webb     24th October 2017 Diamond giant Alrosa remains on track to produce 39.3-million carats in 2017, the company’s first VP Igor Sobolev reported this week, pointing out that output for the first nine months of the year had increased by 6% year-on-year. Alrosa produced 29.54-million carats in the first nine months of... 

Alrosa finds 34 ct yellow diamond

By: Creamer Media Reporter      20th October 2017 Russian miner Alrosa’s Almazy Anabara has extracted a large, 34.17 ct yellow diamond at its Ebelyakh alluvial deposit. The rough diamond measures 20.17 by 19.65 by 15.1 mm and is a transparent intense yellow crystal with a small inclusion in the intermediate zone. 

Alrosa to auction large rough diamonds in Vladivostok

By: Creamer Media Reporter      12th October 2017 Russian diamond major Alrosa said on Wednesday that it would put up for sale 1 170 ct of large rough diamonds at an auction in Vladivostok later this month. The diamonds all weigh more than 10.8 ct each and would be sold in 72 gem-quality lots. The largest diamond weighs 47.55 ct. 

Alrosa’s Sept sales down 32% y/y

By: Mariaan Webb     11th October 2017 Russian diamond major Alrosa sold $309.7-million worth of rough and polished diamonds in September – a 32% decrease on its sales in the same month last year. Rough diamond sales amounted to $305.8-million and polished diamond sales to $3.9-million, compared with year-earlier sales of... 

Alrosa starts removing ore from Verkhne-Munskoe deposit

By: Mariaan Webb     4th October 2017 Russian diamond miner Alrosa has started removing ore from the Verkhne-Munskoe kimberlite field, in Saskha, to confirm the diamond content as it works towards a 2018 production starting date for the project. The Verkhne-Munskoe deposit – Alrosa’s largest investment project –contains for... 

‘Material, newsworthy’ diamond finds on the rise – analyst

By: Henry Lazenby     3rd October 2017 There has been a marked increase in the number of publicly reported special diamond finds in recent years, with 61 of 66 press-released diamond finds in the last nine years taking place in the last five years, noted independent diamond industry analyst and consultant Paul Zimnisky in a new report... 

Russia’s Alrosa to reopen New York trade office

By: Creamer Media Reporter      28th September 2017 Russian diamond major Alrosa said on Thursday that it would reopen its trade office in New York in late 2017 or early 2018. Alrosa president Sergey Ivanov, who met with representative of the US diamond industry this week, said in a statement that Alrosa was interested in trading in rough and... 

Giant pink diamond discovered could be Alrosa's most expensive

By: Bloomberg     22nd September 2017 Russia’s Alrosa has unearthed a pink diamond that the gem giant says could be the most expensive it has ever found. Alrosa, which produces more stones than anyone else, found the 27.85 ct pink gem at its alluvial mines in Russia’s Far East. The company said the biggest pink diamond it had... 

SPARKLING EXCELLENCE

By: Martin Creamer     15th September 2017 The Dynasty, above, cut from a 179 ct rough diamond discovered in Russia by State diamond company Alrosa, is a 51.38 ct traditional round brilliant-cut diamond, with 57 facets. It has the potential to be most expensive diamond ever sold in Russian history when it is auctioned online in November.... 

Campaign for more diamond ads wins support from India's gem hub

By: Bloomberg     14th September 2017 The push for bigger diamond advertising campaigns and marketing to wealthy millennials has won support from a key part of the industry: India’s manufacturers and retailers. India’s Gem & Jewellery Export Promotion Council, which represents almost 6 000 diamond companies, has agreed to contribute... 

Alrosa records slight y-o-y increase in August diamond sales

By: Mariaan Webb     7th September 2017 Russian diamond major Alrosa on Thursday reported a 3.3% year-on-year increase in rough and polished diamond sales, in what is traditionally a low season for trading. The company sold $257.6-million worth of diamonds in August, comprising rough diamond sales of $255.7-million and polished diamond... 

Russia plans gem reform to compete with India's million workers

By: Bloomberg     6th September 2017 Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants  Alrosa PJSC to offer... 

Alrosa’s Ivanov appointed to Diamond Producers Association board

By: Creamer Media Reporter      4th September 2017 Russian mining giant Alrosa president Sergey Ivanov has been appointed to the board of the Diamond Producers Association (DPA). Founded in 2015, the DPA comprises seven leading diamond producers and aims to promote the industry through the implementation of marketing initiatives.  

Sberbank VP joins Alrosa as head of sales division

By: Creamer Media Reporter      23rd August 2017 Russian diamond mining group Alrosa has appointed former Sberbank VP Evgeny Agureev as director of its sales division. Agureev is succeeding Yury Okoemov, who acted as director of the United Selling Organisation of Alrosa (USO). 

Alrosa says 2017 output target unchanged despite accident - Ifax

By: Reuters     14th August 2017 Russian state-controlled diamond miner Alrosa's 2017 production plans remain unchanged despite an accident at its Mir underground mine in eastern Siberia, it said on Monday. Rescue teams are still searching for eight workers in Alrosa's underground Mir mine in the remote Yakutia region of... 

Romanov dynasty gets nod in trove with record Russia diamond

By: Bloomberg     2nd August 2017 The most-expensive diamond ever polished in Russia will be shown in Moscow as part of a collection of gems named after the dynasties of the Romanov-era Imperial Court. In 2015, Alrosa discovered a giant, 179-ct rough diamond in a mine in the northeast region of Sakha, naming it Romanov after the... 

PEA recommends opencut diamond mine in eastern Finland – Karelian

By: Mariaan Webb     1st August 2017 Dublin-headquartered Karelian Diamond Resources has received the results of a preliminary economic assessment (PEA) for its Lahtojoki kimberlite pipe in eastern Finland, which recommends that a mine should be developed to extract more than $200-million worth of diamonds. The PEA, which was... 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

Alrosa's H1 diamond output up 14%

By: Mariaan Webb     24th July 2017 Russian mining giant Alrosa boosted its diamond production by 14% year-on-year in the first six months of 2017, as higher diamond grades were achieved from several pipes. The company produced 19.3-million carats of rough diamonds from the processing of 16.9-million tons of ore and sand. 

Alrosa discovers two large diamonds

By: Mariaan Webb     20th July 2017 Russian diamond major Alrosa has discovered two large diamonds this week, one of which weighs nearly 110 ct and the other a 75 ct stone. The larger of the two diamonds was recovered at the No 3 processing plant of the Mirny mining and processing division on Tuesday, and the other diamond was... 

Rough diamond market stable – Alrosa

By: Creamer Media Reporter      14th July 2017 Diamond mining major Alrosa has sold $2.497-billion worth of rough and polished diamonds in the first six months of 2017. Rough diamond sales comprised $2.442-billion of the total sales. 

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