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ALROSA
Alrosa Diamond Revenue Plunges in May
Alrosa’s diamond sales plummeted 85% to $40.1 million in May as the miner allowed customers to defer purchases.Rough sales slumped 86% year on year to $36.2 million, while polished revenues fell 22% to $3.9 million, the Russian...
Mining Jun 10, 2020 Rapaport News
Alrosa Rough Diamonds
Alrosa Sees Demand for Rough at Digital Sale
Alrosa sold 102 large rough diamonds at its latest digital tender, noting that there was still demand for its goods despite the coronavirus crisis.“The results of the digital tender’s first round show...
Rough Markets Jun 03, 2020 Rapaport News
Alrosa rough diamond sorting
Alrosa Allows Deferrals at Third Consecutive Sale
Alrosa has continued its policy of enabling customers to hold off buying its rough diamonds until later in the year, aiming to avoid flooding the market with goods.The flexibility will be in place at the upcoming June...
Rough Markets May 31, 2020 Rapaport News
Alrosa
Alrosa Sales Slump to $153M in March
Total diamond sales at Alrosa fell 59% to $152.8 million in March, as the coronavirus pandemic led to a slowdown in demand.Rough-diamond proceeds dipped 60% year on year to $148.7 million for the month, while polished revenue dropped 49%...
Mining Apr 12, 2020 Rapaport News
Alrosa
Alrosa Launches Digital Tender for Large Rough
Alrosa has introduced a digital auction for its large rough diamonds in an effort to minimize disruption to its sales during coronavirus-related travel restrictions.The tender, which began Monday and runs through April 6, will take the...
Mining Mar 26, 2020 Rapaport News
Alrosa Nikolay Gorokhov 150
Alrosa Appoints New Vladivostok Head
Alrosa has appointed Nikolay Gorokhov head of its Vladivostok division.Gorokhov, who began working for Alrosa in 2001 in its Yakutsk Diamond Trading Company, will be responsible for rough-diamond sales in Vladivostok, the Russian miner said...
Mining Mar 23, 2020 Rapaport News
Alrosa rough 150
Alrosa Relaxes Sales Terms Amid Market Crisis
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...
Rough Markets Mar 15, 2020 Rapaport News
Alrosa
Weak Demand Weighs on Alrosa Earnings
A challenging rough market in the first half of the year led to a decline in Alrosa’s profit in 2019, despite a stronger fourth quarter.Profit fell 31% to RUB 62.7 billion ($874.6 million) for the year, as an oversupply of polished stones...
Mining Mar 11, 2020 Rapaport News
Alrosa diamond sorting
Alrosa to Maintain Supply Flexibility
Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy.“The virus has triggered uncertainty, and our...
Rough Markets Mar 08, 2020 Rapaport News
Alrosa
New Alrosa Mine Yields 17ct. Yellow
Alrosa has recovered a 17.44-carat, bright-yellow, gem-quality diamond at its Verkhne-Munskoye deposit, the first colored stone found at the mine since it opened.The stone, recovered in mid-February from the mine in Yakutia, was found in the Zapolyarnaya...
Mining Feb 23, 2020 Rapaport News
Alrosa rough diamonds
Russian Bank Offers Credit to Alrosa Client
Russia’s Eximbank has started offering credit to rough-diamond buyers through a loan deal with an Antwerp-based Alrosa client, the miner said.The state-owned lender has agreed to finance purchases for manufacturer and trader Dali Diamond...
Financial-Legal Feb 03, 2020 Rapaport News
Alrosa
Alrosa Revenue Rises Amid Market Rebound
Alrosa’s sales increased 11% year on year to $363.8 million in December as demand in the manufacturing sector continued to rebound, the Russian miner said Monday.“In December, we observed signs of stabilizing diamond demand that had emerged earlier...
Mining Jan 13, 2020 Rapaport News
Alrosa 191 carat
Alrosa Unearths 191ct. Rough Diamond
Alrosa has recovered a rough stone weighing 190.77 carats from its Botuobinskaya pipe in the Siberian republic of Yakutia.The company has estimated the white, high-quality diamond is approximately 2 billion years old. It plans to send it to the...
Mining Dec 29, 2019 Rapaport News
Alrosa November sales
Alrosa Sales Reach Six-Month High
Alrosa’s sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the...
Mining Dec 10, 2019 Rapaport News
Alrosa Sarine
Alrosa Launches Digital Tenders with Sarine Tech
Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine’s...
Rough Markets Nov 11, 2019 Rapaport News
Alrosa 230 carat 150
Alrosa Finds Its Largest Diamond in Three Years
Alrosa has unearthed a rough stone weighing 232.4 caratsat the Udachnaya pipe, its largest in more than three years. “Such large, gem-quality crystals are extremely rare,”Evgeny Agureev, deputy CEO of Alrosa, said last...
Mining Oct 27, 2019 Rapaport News
Alrosa
Alrosa Sales Decline at Slower Rate
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...
Mining Oct 15, 2019 Rapaport News
Alrosa
Alrosa Sales Slide in August
Alrosa’s sales fell 38% year on year to $181.8 million in August, as weakness in the market persisted. However, the result was an improvement on last month’s$170.5 million, the miner’s weakest figure since it began releasing data in 2016....
Mining Sep 10, 2019 Rapaport News
Alrosa
Alrosa Sales Hit Lowest Level on Record
Alrosa’s July sales slumped to their lowest point in three years, as weakness in the rough market continued to impact demand. The Russian miner’s total sales slid 50% to $170.5 millionfor the month, it reported Friday. Rough-diamond...
Mining Aug 11, 2019 Rapaport News
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
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