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Alrosa
Alrosa Sales Fall Amid Diamond Oversupply
Alrosa’s sales continued to slump in June, closing off afirst half that saw a heavy drop in demand for its rough. The Russian miner’s total sales slid 43% to $222.4million for the month, it reported Wednesday....
Mining Jul 10, 2019 Rapaport News
Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 2019 Rapaport News
Alrosa Lomonosov deposit
Alrosa to Hold Back Supply in 2019
Alrosa plans to keep its rough-diamond sales in line withproduction in 2019 to avoid flooding the market with excess supply.The Russian miner will sell 38 million to 39 million caratsnext year, despite having more goods available in its...
Mining Dec 23, 2018 Leah Meirovich
Lev Leviev
Report Links Leviev to Diamond-Smuggling Arrests
Lev Leviev’s businesses are embroiled in allegations of a diamond-smuggling ring involving relatives and employees of the tycoon.Six people were arrested on Monday, including Leviev’s son and brother, after an undercover investigation, according to Israeli media.A staff...
Financial-Legal Nov 05, 2018 Rapaport News
Diamond
IDMA, WFDB Consider Joining Forces
The International Diamond Manufacturers Association(IDMA) is considering an alliance with the World Federation of DiamondBourses (WFDB) in response to the crisis in the global cutting sector. “With the changes in the diamond-manufacturing sector’s landscape,as well as due to the...
Manufacturing Nov 05, 2018 Joshua Freedman
Alrosa Rough Diamond
Alrosa Joins De Beers Blockchain
De Beers has signed up Alrosa to its blockchain pilot, bringingthe world’s two largest diamond producers together for the source-verificationproject. “We believe tracing requires industry cooperation andcomplementation for the sake of a common goal,” Alrosa...
Technology Oct 29, 2018 Rapaport News
Argyle 150
Diamond Resources Might Not Be Forever
While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
Mining Aug 14, 2018 Leah Meirovich
Alrosa 150
Alrosa Finds Diamond Shaped Like Soccer Ball
Alrosa has unearthed a rough diamond bearing an uncannyresemblance to a soccer ball, and with flawless timing: bang in the middle ofthe World Cup taking place in Russia. The miner discovered the 0.50-carat stone at itsKarpinskaya-1 pipe...
Mining Jul 08, 2018 Rapaport News
Jewelry 150
Alrosa Upbeat on 1Q Diamond Retail Market
Diamond-jewelry sales grew 7% in the main retail marketsduring the first quarter amid strong consumer sentiment and beneficial fluctuationsin exchange rates, according to Alrosa.Revenues increased 5% year on year in the US and Canada, thelargest consumer market,...
Retail Jun 24, 2018 Rapaport News
De Beers Moscow Store 150
De Beers Opens Stores in Moscow and Riyadh
De Beers has launchedthree new retail locations in Russia and Saudi Arabia for its De Beers DiamondJewellers chain. The company has openedone chain in Riyadh, its first Saudi Arabia location, at the Centria Mall, inpartnership...
Retail Apr 11, 2018 Rapaport News
Alrosa 150
Large-Stone Demand Drives Alrosa Sales
Alrosa’s sales leaped20% year on year in the first quarter, as demand for medium-sized and largerough diamonds strengthened. Total sales for thethree months ending March 31 rose to $1.61 billion, of which $1.58 billion wasfrom rough...
Mining Apr 11, 2018 Rapaport News
Alrosa Releases January Sales Results 150
Alrosa Results Climb in January
Alrosa’s sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment. “We have seen good demand for the whole assortment of ourdiamond products,” Yury Okoemov, deputy CEO of Alrosa, said...
Mining Feb 13, 2018 Rapaport News
Alrosa to Open India Office 150
Alrosa to Open India Office
Alrosa plans to launch a representative office in Mumbai inMarch, appointing former Rio Tinto and Swarovski executive Jim Vimadalal tolead the operation. The base will focus on relationships with the Indian market,rather than engaging...
Mining Jan 25, 2018 Rapaport News
Mir mine Alrosa
Alrosa Rough Production to Fall in 2018
Alrosa expects its rough-diamond production will decline about7% next year, with the Russian miner selling off inventory to maintain supply,it said last week. The company projected output of 36.6 million carats for2018,...
Mining Dec 24, 2017 Rapaport News
Alrosa hockey ad
Alrosa Makes Rare Foray into Generic Marketing
Alrosa is attempting to engineer a Russian culture ofbuying engagement rings, after launching an advertising campaign promoting diamonds as an emotional symbol. The miner, which has traditionally focused on its corebusiness of extracting rough diamonds, is trying to capture the...
Marketing Dec 20, 2017 Joshua Freedman
Alrosa Dynasty collection
Alrosa Fails to Sell 51ct. Dynasty
Alrosa withdrew the 51-carat Dynasty diamond from itsauction of a polished collection after realizing it would not fetch the pricethat the company had wanted.The Russian miner will now try to sell the stone at anotherauction,...
Mining Dec 03, 2017 Rapaport News
Alrosa Mir rescue operation
Alrosa Fires Two Executives over Flood
Alrosa has dismissed two senior executives after acommission identified safety failings that resulted in the Mir mine flood inAugust. The Russian company fired Mikhail Lopatinsky, director ofthe Mirny mining and processing...
Mining Nov 20, 2017 Rapaport News
ALROSA rough sorter
Mir Mine Flood Dents Alrosa Profit
Alrosa’s profit slumped in the third quarter as a fatalflood at the Mir mine forced the Russian company to devalue the asset.Net income fell 51% year on year to $219.6 million (RUB 12.95 billion) for the three...
Mining Nov 19, 2017 Rapaport News
Alrosa Mir Mirny mine
Authorities Release Causes of Fatal Alrosa Flood
A commission analyzing causes of a fatal flood at Alrosa's Mir mine has identified 16 company officials whose errors led to the accident.Management of the Russian miner is now required to determinein what way each of the people was personally...
Financial-Legal Nov 16, 2017 Rapaport News
Grib Diamonds
Grib Mine Projects Higher Sales in 2017
Full-year diamond production from the Grib mine in Russia is on track to rise 16% in 2017, contributing to an overall increase in sales from the operation.The mine’s output is expected to reach 4.4 million carats in 2017, compared with 3.8...
Mining Nov 06, 2017 Avi Krawitz
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