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Alrosa May sales
Alrosa December Sales Highest Since 2018
Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million — totals...
Rough Markets Jan 13, 2021 Rapaport News
Alrosa rough
Alrosa Receives Option to Sell to Gokhran
Alrosa has received approval to sell rough diamonds to Russia’s state depository, Gokhran, this year, enabling the miner to offload inventory should the market deteriorate.The company did not sell goods to Gokhran in 2020, as the...
Rough Markets Jan 13, 2021 Joshua Freedman
Red Square Moscow Russia
Russia to Chair Kimberley Process in 2021
Russia has begun its chairmanship of the Kimberley Process (KP) after the organization deferred the role by a year due to disruption stemming from the Covid-19 pandemic.The country will chair the KP in 2021, having been...
Mining Jan 03, 2021 Rapaport News
Swiss Watches
China Rebound Boosts Swiss Watch Exports
Swiss watch exports showed a stabilizing trend in November as buoyant Chinese demand helped ease the decline the industry had seen for most of this year.Global shipments fell 3.2% year on year to CHF 1.94 billion...
Watches Dec 21, 2020 Rapaport News
Rough diamonds TAGS
Rough Demand Strong at Trans Atlantic Tender
Trans Atlantic Gem Sales (TAGS) sold “almost 100%” of the goods on offer at a rough tender in Dubai earlier this month as buyers showed optimism ahead of the holidays, the company reported.The group, which sells diamonds...
Rough Markets Nov 29, 2020 Rapaport News
Alrosa 150
Alrosa Gives Cautious 2021 Production Outlook
Alrosa expects to maintain production at its current low levels next year, aiming to reduce inventories that built up during the pandemic.The Russian miner is discussing a production plan of 28 million to 30 million carats for 2021, which the...
Mining Nov 12, 2020 Joshua Freedman
Alrosa
Alrosa Sales Continue Upward Trend
Alrosa’s sales exceeded 2019 levels for the third consecutive month in October as the diamond market improved ahead of the holidays.The Russian miner saw sales of $310 million for the month, it said Tuesday — 17%...
Rough Markets Nov 10, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Extends Supply Contract to March 2021
Alrosa has delayed its new supply contract for rough buyers until early next year due to uncertainty in the diamond industry, the Russian miner said Friday.The current market environment has made it hard...
Rough Markets Oct 25, 2020 Rapaport News
Alrosa mine trucks
Alrosa Upbeat as Diamond Sentiment Improves
Alrosa gave a positive assessment of the diamond market ahead of the holidays after rough and polished trading picked up in the third quarter.The Russian company’s rough-diamond sales climbed to $552.9 million during the three months...
Mining Oct 18, 2020 Rapaport News
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
Anton Siluanov
Alrosa Reelects Finance Minister as Chairman
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...
Mining Jul 14, 2020 Rapaport News
Nyurbinskaya
Alrosa Monthly Sales Plummet Again
Alrosa’s diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying rough allocations.“For the third time in a row, we offered our long-term customers unprecedentedly flexible sales conditions, including...
Rough Markets Jul 12, 2020 Rapaport News
Rough diamonds Alrosa.
Alrosa Delays July Sale to Later in Month
Alrosa has pushed its July contract sale to the end of the month in response to requests from clients who had expressed interest in making purchases, the Russian miner said Thursday.The trading session, previously scheduled...
Rough Markets Jul 09, 2020 Rapaport News
Alrosa rough diamonds
Buyers Snub De Beers and Alrosa over High Prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
Rough Markets Jun 29, 2020 Joshua Freedman
Alrosa Inter International mine
Virus Cases Force Shutdown at Alrosa Mine
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...
Mining Jun 25, 2020 Rapaport News
Grib Diamonds
Rough Prices Climb at Grib Auction in Antwerp
Grib Diamonds noted a modest increase in rough prices versus pre-lockdown levels as demand returned following a two-month pause in sales.The Belgian company, which sells production from AGD Diamonds’ Grib mine in Russia, brought in just over...
Rough Markets Jun 18, 2020 Rapaport News
Alrosa Komsomolsky cut at Aikhal mine
Alrosa Pauses Production at Two Mines
Alrosa has suspended production at two of its less profitable mines, citing the heavy impact of the coronavirus on diamond demand. The company will also rethink its group output plan for 2020 at its board...
Mining May 05, 2020 Rapaport News
Alrosa
Alrosa Reduces Inventory in First Quarter
Alrosa maintained its production forecast for 2020 as the company reduced its rough-diamond stockpiles in the first quarter despite weak market conditions.The miner expects production to fall 11% to 34.2 million carats this year,...
Mining Apr 16, 2020 Rapaport News
Rough diamonds
Kimberley Process Plans to Digitize Its Certificates
The Kimberley Process (KP) is trialing the use of digital certificates for rough-diamond shipments, claiming the method will increase efficiency and reduce fraud.Russia, which is chairing the global certification scheme this year, will...
Financial-Legal Apr 05, 2020 Joshua Freedman
Alrosa rough diamonds
Alrosa Allows Clients to Defer All Purchases
Alrosa is allowing full flexibility at next week’s monthly rough-diamond sale, enabling long-term clients to delay purchases until later in the year due to the current weak market.“The spread of coronavirus and counter-pandemic measures implemented around...
Rough Markets Apr 02, 2020 Joshua Freedman
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