Archive

  • The President of the Republic of Angola João Lourenço signed the Decree permitting the redistribution of 16.4% stake in the share capital of Catoca Ltd Mining Co to Wargan Holdings Limited, which belongs 100% to PJSC ALROSA. At a later stage, a 16.4% stake in Catoca will be equally distributed between ALROSA and ENDIAMA E.P., a national diamond mining company. The additional 8.2% stake will increase ALROSA's total stake in the company to 41%. The Decree of the President of the Republic of Angola will come into force early in January 2018.

  • According to preliminary figures released today, ALROSA’s rough and polished diamond sales for the year 2017 amounted to US$4.27 billion, a 5% decline from the US$4.49 billion in overall sales in 2016 despite an estimated 5% increase in rough diamond production. The Russian mining giant provisionally sold $4.17 billion in rough diamonds compared to $4.34 billion in 2016. They sold US$96.9 million in polished diamonds on the year.

  • Recent reports ranging from the Gem and Jewellery Export Promotion Council's (GJEPC) lobbying efforts to change the Goods & Services Tax (GST) for the diamond industry, to Indian manufacturing companies looking to set up cutting and polishing units in Russia and an estimated $158 million in couriered diamond parcels seized on suspicion of tax evasion have the Indian industry hot under the collar about the GST.

  • Russian diamond mining giant ALROSA has formed a list of long-term clients for the new contract period 2018-2020. From January 15 to January 19, 2018, the Company’s long-term clients will participate in the first trading session under the new long-term contract. Long-term contracts form the basis of ALROSA sales policy, accounting for up to 70% of sales of the diamonds the company mines. The contracts guarantee volumes and assortment of monthly supplies, as well as the possibility to purchase additional batches of rough diamonds.

  • In a recent meeting concerning the 2018 budget, Russian diamond mining giant ALROSA said diamond production is planned at 36.6 million carats in 2018, representing an approximately 7% decline from the 39.3 million carats it is likely to produce this year.

  • The world's largest diamond producer by output, ALROSA, recovered of a large gem-quality diamond of 98.63 carats from its historic Jubilee (Yubileynaya) pipe, located in the eastern Republic of Yakutia. The octahedron crystal has inclusions of olivine, graphite and sulphide, is transparent yellow-tinted and measures 28.96 х 28.03 х 27.30 mm. "One more discovery weighing almost 100 carats confirms the fact that Jubilee pipe today is ALROSA's absolute leader in the recovery of large gem-quality diamonds.

  • The Antwerp World Diamond Centre (AWDC), representing the largest diamond trade hub worldwide, and diamond mining company De Beers today announced at the KP Plenary in Brisbane that they are discussing a potential collaboration in De Beers’ recently announced blockchain platform. De Beers Group CEO Bruce Cleaver said that in recognition of the crucial issue of confidence in the diamond industry and the changing expectations across the value chain, the company has been investing in a platform to create, "the first traceability platform to span the entire diamond value chain ...

  • Russian diamond mining giant ALROSA has become a certified member of the Responsible Jewellery Council (RJC) by achieving certification against its Code of Practices through meeting the highest ethical, human rights, social and environmental standards as established by the RJC, the two organizations communicated this morning. A large independent audit company has been undertaken to assess ALROSA’s compliance with RJC’s Code of Practices.

  • In November 2017, ALROSA Group sold US$334.2 million worth of rough and polished diamonds. Rough diamond sales by value amounted to US$325.8 million, while polished diamond sales earned US$8.4 million during the month. This follows a month in which the Russian miner sold $326.7 million in rough stones, and represents a 36% increase compared to rough diamond sales in November 2016. Polished sales declined slightly from the $9.6 million in polished diamond sales in the same period last year.

  • ALROSA's first auction for the sale of The Dynasty collection concluded with an average premium of 30% on the reserve prices for four of the five diamonds, with the maximum excess over reserve at 52% the company writes; but they withdrew the 51.38-carat signature stone from the sale. More than 130 companies and private clients registered to participate in the bidding. In accordance with the company’s strategy, the goal of the first auction was to evaluate the upper bound of the price range that might be offered to the market.

  • On November 29, ALROSA is holding a silent auction for the sale of the unique polished diamond collection, The Dynasty. The Dynasty collection consists of five diamonds and was produced from a 179-carat unique rough diamond named The Romanovs, which was mined from Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia) in 2015. The main 51.38-ct diamond is a 57-facet traditional round brilliant-cut diamond, Triple Excellent (the best quality cut), D, VVS1. Such characteristics occur in less than 1% of diamonds worldwide.

  • "ALROSA will play its role in diamond mining in Zimbabwe", said Zimbabwe's ambassador to the Russian Federation, Mike Nicholas Sango, to TASS news agency. Following Robert Mugabe's resignation and the transfer of power to former vice-president Emmerson Mnangagwa, countries and natural resource companies will be testing the waters of the new administration, and Russia's ALROSA will apparently be one of them.

  • In the framework of its efforts to develop and increase the marketing and sales activity for their own polished diamonds manufactured by DIAMONDS ALROSA, the cutting and polishing division of ALROSA diamond mining company, the company auctioned fancy colored diamonds in Israel this November and sold the entire assortment - 262 polished diamonds with the total weight of 209.34 carats, including 15 rare pink diamonds weighing 15.31 carats. Overall revenue from the sales of fancy colored diamonds totalled $1.209 million.
  • ALROSA President Sergey Ivanov signed an order on disciplinary sanctions to the company management who committed violations of industrial safety requirements that conduced to the disaster at Mir mine on August 4, 2017. Director and Chief Engineer of ALROSA’s Mirny Mining and Processing Division are suspended from their positions with subsequent dismissal from the company. On the financial side, net income fell 51% year on year to $219.6 million (RUB 12.95 billion) for the three months ending September 30.

     
     
     
     
     
     
  • Russian diamond-mining giant ALROSA and its partners may commence commercial production at the Luaxe diamond deposit in Angola after 2020, "The test drilling is slated for late 2018 - early 2019. However, if we are talking about industrial production, it will certainly happen after 2020," said ALROSA President Sergey Ivanov. “Typically, the development of any major deposit from the project stage to the industrial production stage takes about between four and seven years”, Ivanov said.

  • Russian diamond-mining giant ALROSA's rough diamond sales figures in October totaled $326.7 million, which represents a $20 million increase over September but still lags far behind the $430.8 million sold in October 2016. Including polished diamond sales, good for $10.9 million in October, overall revenue for the month was $337.6 million.

  • ALROSA today announced the recovery of several large rough diamonds from Jubilee (Yubileynaya) pipe at Aikhal Mining and Processing Division in October.

  • The Antwerp diamond industry had a solid month of trading in October, particularly on the export side, as the value of rough and polished exports both took a turn for the better despite soft midstream demand for rough and a seasonally slow polished landscape. Furthermore, according to figures published by the AWDC, the trend of high volumes of low-value rough exports abated for the first time in months, as the increase in the value of rough exports (+15%) nearly kept pace with the increase in volume (+19%) on a year-over-year basis.

  • ALROSA held an international auction for the sale of special size rough diamonds (+10.8 carats) in the Eurasian Diamond Centre in Vladivostok from October 16 to 27. The company sold 66 stones with the total weight of 1,084 carats, out of a previously-announced 72 gem-quality lots with the total weight of 1,170 carats. The total sales revenue amounted to $9 million.

  • Russia mining giant ALROSA recently confirmed the company’s Sales Policy Concept for 2018-2020 as the new contract period approaches; long-term contracts for the sale of rough diamonds with large trading, cutting and jewelry companies for up to three years will remain the cornerstone of ALROSA’s sales, though some changes have been introduced. Namely, ALROSA is planning to switch over to annual mutual approval of the volume and assortment within three-year contracts.

  • With De Beers leading the charge by increasing rough production 46% in Q3 and 29% for the first nine months of the year, as ALROSA increased production 6% thus far in 2017, the two diamond mining giants together have churned out 54.8 million carats in the first nine months of 2017, a 15% increase over the 47.5 million carats during the same time frame last year.

  • ALROSA’s affiliate Almazy Anabara has extracted a large 34.17-carat yellow diamond. It is the largest fancy-colored rough diamond extracted by the company this year, writes the Russian mining giant. The rough diamond, extracted from Ebelyakh alluvial deposit, measures 20.17 х 19.65 х 15.1 mm. It is a transparent intense yellow crystal with a small inclusion in the intermediate zone. Before the end of October, it will be delivered to the United Selling Organization ALROSA (USO ALROSA) in Moscow, where the company specialists will give it a more detailed and accurate assessment.

  • De Beers Group today announced it earned $370 million in rough diamond sales (Global Sightholder Sales and Auction Sales) for the eighth sales cycle of 2017, making it the smallest sight in terms of value since the company started publishing its sales results in 2016. The value of diamond sales in the eighth cycle is 27% lower than the $507 sold in Cycle 7, and 25% lower than the same period a year ago. 

  • ALROSA will hold an international auction for the sale of special size rough diamonds of 10.8+ carats in the Eurasian Diamond Centre in Vladivostok from October 16 to 27, the company announced in a press release. The Company is putting for sale 72 gem-quality lots with the total weight of 1,170 carats; the largest one weighs 47.55 carats. All the stones to be auctioned were mined from the deposits of PJSC ALROSA, and its subsidiaries – JSC Almazy Anabara and PJSC ALROSA-Nyurba. A total of 67 companies from Belgium, India, Israel, China and the USA have applied for the auction.

  • In September 2017, Russia's ALROSA Group sold $309.7 million worth of rough and polished diamonds, with rough diamond sales amounting to $305.8 million and polished diamond sales $3.9 million. For rough sales, this result represents a 29.7% decline compared to September of 2016, but is also the highest sales figure since June 2017, and a nearly 19% increase from the $258M sold in August.

  • Jean-Arthur Régibeau, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Belgium to the Russian Federation, visited the United Sales Organization (USO) ALROSA, and one of Russia's leading diamond cutting facilities - DIAMONDS ALROSA. He met with the heads of subdivisions and got acquainted with the process flow and work principles - and also was shown the amazing Dynasty Collection. “It was a familiarization visit.

  • ALROSA has estimated losses from the Mir mine accident to amount to $170-205 million (10 billion-12 billion rubles), the diamond miner's CEO, Sergei Ivanov, told Russian media on Friday. "We are currently watching the situation closely where equipment is concerned. Some things are clear - there is underground equipment where the flooded mine workings are concerned, and again, we're working with the insurance company. The losses there I think are around 10 billion-12 billion rubles. The most terrible thing is that people died there, the money is secondary," he said.

  • The first ore from the open-pit Zapolyarny mine, one of four pipes at the Verkhne-Munskoe kimberlite field in the Republic of Sakha (Yakutia), was delivered to the stockpile of the processing plant No. 12 at Udachny Mining and Processing Division. The company plans to remove a total of 75,000 tons of ore from the new deposit - ALROSA’s largest investment project - before the end of the year. All the transported ore will be processed at processing plant No. 12.

  • Independent analyst and consultant on diamonds and the mining industry, and publisher of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky has published an in-depth article, "The Discovery of Newsworthy Diamonds is Increasing", analysing the rise of noteworthy diamond recoveries in the past five years in particular. Reprinted from Paul Zimnisky Diamond Analytics, courtesy of Paul Zimnisky.

  • On September 27, ALROSA President Sergey Ivanov held a meeting with representatives of U.S. diamond industry: the President of U.S.

  • GIA senior industry analyst Russel Shor, in his recent article, "Diamond Producers Aim for Lower Qualities in Today’s Market", explains how sophisticated mining techniques enable major diamond miners to target their drilling to meet polished diamond demand.

  • "Almazy Anabara", a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats, the Russian diamond giant announced in a press release. "This is a unique discovery: by far the largest company's pink rough diamond had a weight of about 4 carats. If the company decides to cut this stone, it could become the most expensive polished diamond in the history of ALROSA." The rough diamond has dimensions of 22.47 x 15.69 x 10.9 mm. The pink stone is of gem-quality and almost free of inclusions.

  • ALROSA has appointed Vladimir Marchenko as Vice-President, starting from September 20. In this capacity he will be responsible for the company's activities in Africa. Before joining ALROSA, Vladimir Marchenko was the president of Pan African Metals Corporation. ALROSA president Sergey Ivanov commented, "ALROSA is dynamically developing activities in the African continent. The company has already reached agreements on increasing the share in Catoca Ltd. Mining Co. in Angola and plans to participate in the operation of the new large Angolan deposit 'Luaxe'.

  • ALROSA has been included on the FTSE4Good international rating, an index series designed to support investment in companies based on their environmental, social and governance criteria, for the first time. The rating system serves as an indicator of compliance with internationally recognized standards of the above mentioned criteria.

  • The Russian government wants Alrosa to offer more favorable terms to local cutters so they are able to compete in a market that’s dominated by Indian manufacturers.

    Alrosa has chosen to focus on mining, where it can get bigger margins, leaving Kristall Production Corp. and other cutters to buy stones at similar terms as overseas competitors. They are struggling to compete with centers like India, the largest polishing center, due to manufacturing being cheaper - it manufactures 90% of the world’s diamonds - and a workforce of 1 million.

  • Alrosa today announced the results of its rough specials and polished diamond auctions, held at the Eastern Economic Forum. The rough specials of 10.8+ carats, 1,293cts total achieved a total sales price of USD14.8 million, while 33 of the 36 polished stones, 2 to 12 carats were sold for a total sales value of USD 1.7 million. According to Alrosa VP Okoyomov the auctions were attended by some 50 companies from the US, India, Israel, Belgium and the UAE.

  • This week, the Antwerp World Diamond Centre and the University of Antwerp hosted an “Innovation and Diamonds” conference at the Antwerp Diamond Bourse, featuring specialists from across the entire spectrum of the diamond trade, from mining to blockchain tech.

  • Alrosa’s President, Sergey Ivanov, has joined the board of the Diamond Producers Association (DPA), the Russian miner announced on Monday. Ivanov will replace the position vacated by the former Alrosa VP, Andrey Polyakov, before he left the company.

  • In August 2017, Russia's ALROSA Group rough diamond sales by value amounted to $255.7 million, a 5% increase over August 2016. The company's polished diamond sales for the month amounted to $1.9 million, a sharp decline from the $6.3 million sold in August 2016, bringing overall sales for the month to $257.6 million. For the first eight months of the year (Jan.-Aug.), ALROSA's rough sales remained flat, with $3 billion in sales this year compared to $3.1 billion for the first eight months a year ago.