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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 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 Sorting
Alrosa Sales Slide Amid Shifts in Demand
Alrosa's sales fell in April and for the first fourmonths of the year as the Russian miner sold a larger volume of low-value rough diamonds than it did last year.Rough sales declined to $310.2 million in April, the...
Mining May 11, 2017 Rapaport News
ALROSA's Udachniy mine
Alrosa Sees Spike in Sales Volume
Alrosa’s sales far exceeded production in the first quarter, helping the mining company reduce excess inventory from 2015, it reported Thursday. Production rose 9% year on year to 8.9 million carats during the three-month period,...
Mining Apr 20, 2017 Rapaport News
Alrosa Sorting
Alrosa March Sales Beat Expectations
Alrosa saw steady demand for most categories of its rough diamond supply in March, pushing sales above its projected figures for the first quarter. Sales grew 1% year on year to $566.6 million during the...
Rough Markets Apr 12, 2017 Rapaport News
Alrosa Sorting
ALROSA Upbeat Despite Sales Decline
ALROSA sales fell 6 percent to an estimated $1.25 billion during the first quarter even as its rough diamond prices firmed, the company reported at an investor conference on Wednesday. The miner’s rough diamond price index rose...
Mining Mar 23, 2017 Rapaport News
Mir Mine
ALROSA Plans 6% Rise in Production
ALROSA said it expects rough-diamond production to increase significantlythis year amid optimism in the rough market.The miner anticipates it will recover 39.2 million carats in2017, the company said in a presentation to investors, implying a rise of 6percent over...
Mining Jan 25, 2017 Rapaport News
Rough and Loupe`
Analyst Upbeat on Diamond Market
VTB Capital raised its price target for ALROSA shares as buoyant holiday sales are expected to result in a wave of restocking amongretailers.The investment bank increased its 12-month target to $2.30(RUB 140) from $1.73 (RUB 105),...
Mining Dec 14, 2016 Rapaport News
ALROSA Sales Lifted by Improved Rough Market
ALROSA’s revenue and profit soared in the first half, boosted by stronger global rough demand and an 11 percent weakening of the Russian ruble.Sales in the six months to June 30 leapt 42 percent to $2.87 billion (RUB 186.67 billion),...
Mining Aug 29, 2016 Rapaport News
blue diamond ring
Bain Predicts Uptick in Global Luxury Demand
Demand for personal luxury goods in the U.S. and China isset for resurgence next year, lifting growth in the $285 billion (EUR 250billion) market that hit a trough in 2016, according to a Reuters report thatcited...
Retail Apr 12, 2016 Rapaport News
ALROSA's Udachniy mine
ALROSA Cuts Production Target for 2016
ALROSA lowered its guidance for production of rough diamonds in 2016 as the Moscow-based miner plans to reduce accumulated inventory from last year. In a meeting on April 1, the company cut its target for production to between 37 million...
Mining Apr 03, 2016 Rapaport News
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