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Alrosa December Sales Highest Since 2018
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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...
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Rough Markets
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Jan 13, 2021
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Rapaport News
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Alrosa Sales Continue to Grow
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Alrosa’s diamond sales rose in November to their highest level since January as customers continued to replenish their rough inventories ahead of the holidays.Revenue from rough and polished goods jumped 36% year on year to $390.5 million,...
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Rough Markets
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Dec 10, 2020
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Rapaport News
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Alrosa Sales Continue Upward Trend
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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%...
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Rough Markets
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Nov 10, 2020
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Rapaport News
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Alrosa Extends Supply Contract to March 2021
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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...
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Rough Markets
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Oct 25, 2020
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Rapaport News
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Alrosa Upbeat as Diamond Sentiment Improves
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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...
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Mining
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Oct 18, 2020
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Rapaport News
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Alrosa Sees First Sales Increase Since Feb.
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Alrosa’s sales rose 19% year on year to $216.7 million in August as the miner reduced rough prices to spur demand amid an improvement in the diamond market.The month saw the company’s first revenue increase since February,...
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Mining
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Sep 10, 2020
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Rapaport News
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Alrosa Finds Russia’s Largest Colored Diamond
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Alrosa has recovered a 236-carat, intense-yellow-brown diamond, the largest natural colored diamond found in Russia.The stone, which the miner recovered from its Ebelyakh deposit in Yakutia, is an estimated 120 million to 230 million years old,...
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Mining
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Aug 10, 2020
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Rapaport News
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Alrosa Monthly Sales Plummet Again
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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...
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Rough Markets
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Jul 12, 2020
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Rapaport News
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Alrosa Diamond Revenue Plunges in May
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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...
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Mining
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Jun 10, 2020
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Rapaport News
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Alrosa Halts Polishing Divisions Indefinitely
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Alrosa has shut all operations at its polishing units until further notice, as it waits for demand and health conditions to improve.The closure affects the miner’s three manufacturing centers: its original two in Moscow and...
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Manufacturing
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May 10, 2020
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Leah Meirovich
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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 Board Approves Kristall Takeover
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Alrosa is set to finalize its acquisition of diamondmanufacturer Kristall in a $29 million deal in October, following approval fromits supervisory board. Alrosa expects the RUB 1.89 billion sale-and-purchaseagreement to be signed by the end of the month, with a concrete...
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Polished Markets
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Sep 26, 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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Seller Puts $15.5M Crown on RapNet
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Russian diamond manufacturer Kristall Smolensk is selling areplica of the Great Imperial Crown of the Russian Empire on RapNet’s newjewelry platform for $15.5 million. The crown, which weighs 2.3 kilograms, comprises more than11,000 round,...
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Polished Markets
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Mar 06, 2019
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Rapaport News
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Miners Seeking Profits Beyond Rough
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De Beers has been dabbling in the retail end of thediamond industry for more than 15 years, but recently, other miners have begunto follow suit, breaking out of the production box and entering other aspectsof...
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Mining
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Jan 23, 2019
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Leah Meirovich
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Analysis: Crypto Firms Betting on Diamonds
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Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or “tokens,”...
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Technology
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Dec 11, 2018
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Avi Krawitz
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Alrosa Mulls Buying Manufacturer Kristall
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Alrosa is considering acquiring Kristall Smolensk Diamonds,Russia’s largest manufacturer of polished goods.The miner’s supervisory board deemed the potential deal“expedient” after examining it on April 28, it told Rapaport News Sunday.“Alrosa…sees that such an acquisition, under certainconditions,...
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Manufacturing
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May 06, 2018
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Rapaport News
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Kristall Schedules Tender for Tel Aviv and Antwerp
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Press Release: Kristall Production Corporation is continually adapting its marketing and sales policies to the challenges of the present-day diamond market. As part of this creative process, in our efforts to provide a wider range of services to our clients,...
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Polished Markets
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Dec 30, 2014
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Kristall
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Kristall Upgrades English Website With a Focus on B2B
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Press Release: Kristall Production Corporation launched an updated English version of its corporate website: www.kristallsmolensk.com. The company restructured the interface to provide information about the company’s products – top-make polished diamonds, client services and...
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Manufacturing
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Nov 19, 2014
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Kristall
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Polished Markets
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Oct 22, 2014
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Kristall
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