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Alrosa Expects October Recovery
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Alrosa has predicted a return to pre-pandemic rough sales levels in October, observing a promising combination of midstream shortages and growing retail demand. Executives made the forecast Friday following the release of the miner’s second-quarter results,...
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Mining
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Aug 16, 2020
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Rapaport News
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Alrosa Reelects Finance Minister as Chairman
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Alrosa’s supervisory board has reelected Russian Finance Minister Anton Siluanov as its chairman. He has held the position since 2015.Members of the board also reelected Aysen Nikolaev, head of the Republic of Yakutia, as first deputy...
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Mining
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Jul 14, 2020
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Rapaport News
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Industry Leaders to Offer Insights in Virtual Session
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Diamonds Do Good will host a virtual gathering in which key leaders from the diamond and retail sectors will offer insights and perspectives on the future of the natural-diamond industry.“The world has undergone a seismic change...
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Polished Markets
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Jul 08, 2020
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Rapaport News
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Virus Cases Force Shutdown at Alrosa Mine
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Alrosa has suspended operations at its International underground mine for up to two weeks after “several” employees tested positive for coronavirus.The Russian miner will only carry out work to ensure the safety and maintenance...
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Mining
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Jun 25, 2020
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Rapaport News
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Christie’s to Sell Anna Hu Jewels to Fight Covid-19
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Christie’s will auction a special collection of jewelry by designer Anna Hu, with the proceeds going to support healthcare workers fighting against the coronavirus pandemic.The sale of the three pieces will benefit Diamonds That Care,...
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Polished Markets
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Jun 10, 2020
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Rapaport News
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Alrosa Ups COVID-19 Aid to $4M
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Alrosa has increased its contribution to the coronavirus relief efforts in the Yakutia region to $4.2 million, it said Wednesday.The funds will be used to purchase medical equipment and supplies, as well as personal protective gear, in Russia’s Yakutia...
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Mining
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Apr 16, 2020
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Rapaport News
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Alrosa CEO Trades Stock to Aid COVID-19 Relief
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Alrosa CEO Sergey Ivanov has sold a portion of his stake in the company to help fight the COVID-19 pandemic.Ivanov offloaded half of his shares in the Russian mining company for RUB 18.5 million ($241,670), Alrosa...
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Mining
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Apr 05, 2020
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Rapaport News
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De Beers Cancels March-April Sight
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De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
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Rough Markets
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Mar 30, 2020
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Rapaport News
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Alrosa Relaxes Sales Terms Amid Market Crisis
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Alrosa is allowing clients to defer up to 60% of their rough-diamond allocations at this month’s contract sale, claiming the concession will help buyers handle the current market difficulties.“Amid such market uncertainty, it wouldn’t be right to keep our...
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Rough Markets
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Mar 15, 2020
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Rapaport News
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GJEPC: Coronavirus May Lead to Payment Delays
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India’s diamond industry has asked banks and the government for help with its credit difficulties, as the coronavirus crisis has left clients in China and Hong Kong unable to pay bills.The Gem and...
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Rough Markets
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Feb 12, 2020
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Joshua Freedman
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Alrosa Names New Director of Severalmaz
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Alrosa has appointed Ravil Sanatulov to succeed Andrey Pismenny as general director of its Severalmaz mining division.Sanatulov began his mining career with Alrosa in 1986 as an equipment engineer in Mirny, prior to being promoted to various positions, the...
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Mining
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Jan 15, 2020
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Rapaport News
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Graff Buys 21ct. Polished Yellow from Alrosa
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Alrosa has sold its celebrated Firebird diamond to Graff, achieving one of the highest per-carat prices for a stone of its type in recent years, the miner said.Alrosa did not disclose the final sale price...
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Polished Markets
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Dec 24, 2019
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Rapaport News
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Alrosa to Restructure Manufacturing Business
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Alrosa’s supervisory board has approved a three-yearstrategy for its cutting-and-polishing divisions, including the integration of newacquisition Kristall. The plan, which it will implement between 2020 and 2022,will improve the efficiency of the Russian miner’s...
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Manufacturing
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Dec 17, 2019
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Rapaport News
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Alrosa Sales Decline at Slower Rate
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Alrosa’s sales fell 24% year on year to $258.7 million inSeptember, amid continued market weakness. However, the total was the highest in four months, and reflecteda noticeable recovery in the small-stone sector, the Russian...
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Mining
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Oct 15, 2019
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Rapaport News
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Alrosa Expects Kristall Merger in September
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Alrosa’s supervisory board is set to vote on the acquisitionof diamond manufacturer Kristall, which will enable the miner to focus onincreasing sales in the US and China, it said Tuesday. The deal, which will go up for consideration on September24,...
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Polished Markets
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Sep 18, 2019
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Rapaport News
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Alrosa Consolidating Key Mining Division
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Alrosa’s supervisory board will vote Tuesday on whether to close a subsidiary that controls two of its largest mines, bringing those deposits into its core business.The Russian miner owns a 97.5% stake in Alrosa-Nyurba, which holds...
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Mining
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Sep 08, 2019
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Rapaport News
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Alrosa Deputy CEO Among Senior Exits
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Yury Okoemov, one of Alrosa’s deputy CEOs and head of its diamond-cutting division, is leaving the Russian miner, the company said Tuesday. Okoemov has been with the Alrosa since 1993. After his departure,...
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Mining
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Jul 31, 2019
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Rapaport News
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Alrosa Launches Zarya Diamond Mine
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Alrosa has started diamond production at a newdeposit in Yakutia with an expected mine life of 11 years, it said Wednesday. The Zarya pipe will help compensate for the diminishing resources at the miner’s Komsomolsky open-pit site, Alrosa...
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Rough Markets
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Apr 18, 2019
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Rapaport News
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Alrosa March Revenue Plunges
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Sales at Alrosa fell 33% year on year to $377.1 million inMarch, even as the rough market picked up after a weak start to the year. Rough-diamond proceeds were $369.2 million for the month, also 33% lower...
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Mining
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Apr 11, 2019
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Rapaport News
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Alrosa, Endiama Aim to Develop Angola Industry
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Alrosa has signed an agreement withAngola’s state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide...
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Mining
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Apr 07, 2019
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Rapaport News
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