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Alrosa rough sorting at Mirny.
Alrosa Nearing Inventory Deal with Govt.
Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods.Gokhran — Russia’s state gem and precious-metal depository — would...
Rough Markets Aug 06, 2020 Joshua Freedman
Alrosa Gokhran new
Gokhran May Purchase Alrosa Rough
Alrosa is in talks to sell a considerable volume of diamonds to Gokhran, Russia’s repository for precious metals and gems.The Yakutia municipality, which holds a stake in Alrosa, has proposed that Gokhran buy diamonds worth $1.7 billion from...
Mining May 13, 2020 Leah Meirovich
ALROSA Expects 2016 Sales of $3.5B
Expects ALROSA expects to sell $3.5 billion of diamonds in 2016 as growth indemand for precious stones remains minimal, the Russian miner guided. Productionwill probably rise 2.6 percent to 39 million carats next year.The miner’s supervisory...
Mining Dec 23, 2015 Rapaport News
Alrosa rough
Alrosa Unit Diamonds Go Missing at Gokhran
Severalmaz, the mining unit of Alrosa, said that some of the 150,000 carats of diamonds it gave to Gokhran for sorting were swapped with cheaper, inferior quality diamonds, Russian daily Kommersant reported, citing unidentified people...
Rough Markets Aug 30, 2015 Rapaport News
Alrosa rough
Gokhran Struggles to Find New Exec.
Russia's precious metals and gems repository Gokhran is having difficulty finding a replacement for its current executive, Vladimir Rybkin.Rybkin gave notice of his intention to resign in February 2013, however, his letter still remains unanswered,...
Rough Markets May 13, 2013 Deena Taylor
ALROSA's Udachniy mine
ALROSA: The Lesser-Known Diamond Giant
ALROSA, the lesser known of the two diamond mining giants, is emerging from its own ‎shadows and may exert greater influence on the industry in 2013. While it still has a ways ‎to go, it has become...
Rough Markets Dec 21, 2012 Avi Krawitz
Alrosa rough
ALROSA Sells Rough to Gokhran
ALROSA sold an undisclosed amount of rough diamonds to Russia's state-owned Gokhran in the second quarter of 2012, marking ‎the first sale since the downturn of 2009, according to the company’s second-quarter ‎report. ‎A company spokesperson declined to disclose...
Rough Markets Aug 15, 2012 Avi Krawitz
Alrosa rough
India Requests Russia to Increase Rough Diamond Supply
India has asked Russia to push ALROSA for an early conclusion of long-term supply contracts so that more Indian companies can apply to source rough from the mining giant. The move would enable India's state-run...
Rough Markets Mar 28, 2012 Dilipp S Nag
Let ALROSA List!
Following ALROSA’s prospective initial public offering (IPO) can be confusing at times. While management remains understandably aloof in discussing the listing, its actions have been intent on driving up the value — if and when the offering...
Rough Markets Feb 10, 2012 Avi Krawitz
Gokhran Plans to Hold Diamond Stockpile
The Russian Ministry of Finance said it is not planning to sell off the stockpiled diamonds bought by Gokhran, the state treasury, from ALROSA, the country’s largest miner, during the worldwide economic crisis. The government purchased around $1 billion worth of rough to support the company in 2009 and...
Rough Markets Oct 01, 2010 Anastasia Serdyukova
Gokhran Considers Offers for its Diamond Stockpile
Gokhran, Russia’s state repository, is considering selling the stockpile of diamonds it bought from ALROSA during 2009, Bloomberg reported. “We are being asked to begin selling diamonds from the reserve we acquired last year,” Finance Minister Alexei Kudrin told reporters on Saturday. “We are now considering...
Rough Markets Aug 29, 2010 Avi Krawitz
Ramping Up the Carats
ALROSA, Russia’s largest diamond miner, produced 16.6 million carats in the first six months of 2010, slightly less than the amount it mined in the first half of 2009. The company’s rough diamond sales for the first half of this year totaled $1.93 billion, an increase of more...
Polished Markets Aug 01, 2010 Anastasia Serdyukova
Absorbing Gokhran
ALROSA’s president, Fyodor Andreev, said this week that the Russian government is mulling the sale of part of its diamond stockpile as a means to ensure price stability in the rough market. “We are discussing the sale of $500 million to $800 million worth of rough with Gokhran by the end...
Rough Markets Jul 15, 2010 Avi Krawitz
Russia Debates Selling Diamond Stockpile
The Russian State Treasury may sell some of its diamond stock on the open market so that rough prices won't go up due to speculative demand and the shortage of rough. The two issues were debated during the 34th World Diamond Congress in Moscow. “The government of Russia decided...
Rough Markets Jul 12, 2010 Anastasia Serdyukova
ALROSA's 1H10 Production -5% to 17M Cts.
Preliminary results for first-half production at ALROSA suggested that the diamond mining company produced nearly 17 million carats of rough during the first six months of 2010, which was 5 percent less than one year ago. First-quarter production totaled 8.6 million carats, followed by 8 million carats...
Mining Jul 09, 2010 Jeff Miller
Just Say No
When former First Lady Nancy Reagan embarked on a campaign to fight the war on drugs, rather than legalize the use of harmful substances, she championed a drive to resist their temptations that would span decades. In the past few weeks, proponents of legitimizing Zimbabwe’s Marange diamonds have argued...
Fair Trade Jul 01, 2010 Avi Krawitz
An Abnormal Company
De Beers managing director Gareth Penny stressed in a recent interview with London’s Financial Times that the company has shed its “mystique” as the interviewer termed it. “Our business is absolutely normal,” Penny said. “But it deals with an abnormal product.” Indeed, Penny stressed that the rarity...
Research Jun 24, 2010 Avi Krawitz
Zale Secures Loan From Golden Gate
Zale Corporation obtained a new $150 million, five-year, senior-secured-term loan from Golden Gate Capital. The private equity firm plans to utilize the interest and fees that accrue on the loan and warrants to purchase common stock aggregating a 25 percent equity interest in Zale on a fully diluted basis....
Retail Jun 01, 2010 Rapaport
Rapaport Weekly Market Report 05/06/2010
Between the LinesRough Market: The Unknown Angolan Factor ALROSA reported that the Angolan mining firm Catoca posted a profit of $70 million in 2009. ALROSA owns 32.8 percent of Catoca, with Angola’s state company, ENDIAMA, holding a similar stake and the remaining third split between...
Research May 07, 2010 Avi Krawitz
Rapaport Weekly Market Report 04/23/2010
Between the LinesMining: Production LevelsThe major diamond mining companies significantly boosted their production in the first quarter of 2010 compared with the previous year due largely to the shutdown of De Beers mines during the 2009 first quarter (see table below). Anglo American reported that...
Research Apr 23, 2010 Avi Krawitz
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