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  • Following the resignation of Andrey Zharkov as president of ALROSA, Sergey Ivanov, ex-head of insurer SOGAZ, and senior vice-president of Russia's largest lender Sberbank, was yesterday, March 6, officially appointed as President of the company for a three-year term. His appointment was signed by Russian Prime Minister Dmitry Medvedev.  "The government directive on your appointment to the position of head of the sole executive body of ALROSA has been signed.

  • According to Finmarket.ru, in an article translated and published by Rough-Polished, ALROSA President Andrey Zharkov said in an interview with television channel "Russia 24" that the company will drive its sales to 37 million carats (equal to output) in 2016, a 23% over 2015.

  • The major news for the diamond industry emerging from last week's Eastern Economic Forum (EEF) in Vladivostok was the opening of the Eurasian Diamond Centre in Free Port Vladivostok. The new diamond centre, a project developed by Russian mining company ALROSA, is an infrastructure cluster that will provide a platform for international trade and processing of precious stones.

  • ALROSA president Andrey Zharkov said that the Russian diamond giant will create an analytical center tasked with targeting diamond prices and monitoring market development environment, reports Rough-Polished.

  • ALROSA, the world’s largest rough-diamond producer, reported revenue and profit surged in the first quarter as the rough diamond market improved from last year’s slump. Q1 revenue increased 37% y-o-y to $1.55 billion (RUB 102.34 billion) and profit more than doubled to $760 million over the same period in 2015. This growth was associated with a favorable diamond market environment that contributed to an increase in diamond sales by 34% in Q1 2016 vs Q1 2015, the statement reads.

  • ALROSA’s Executive Committee, led by company President Andrey Zharkov, summarized, the results of the group's geological exploration in 2015, declaring that as of the beginning of this year the miner's total reserves of according to Russian state classification standards amounted to 1.108 billion carats. Most of the geological exploration was carried out in the Republic of Sakha (Yakutia), where most of ALROSA's diamond mines are located, and the reserves of the Mayskoe, Dalnyaya, Nyurbinskaya and Botuobinskaya operations were calculated and approved.

  • Speaking at the opening of the four-day IIJS Signature show in Mumbai, writes GemKonnect, India’s Gem & Jewellery Export Promotion Council (GJEPC) chairman Praveenshankar Pandya said he wants the global industry to spend at least as much annually on global generic promotions as De Beers used to spend before it stopped doing them completely - $200 million.

  • Alrosa expects to increase diamond production next year, the Russian diamond miner's president, Andrei Zharkov said in an interview with the company's media outlet. "The draft budget that we have now formulated - ... still has to be conformed by the supervisory board - but nonetheless production volumes remain in line with the targets factored into the company's long-term development program, in other words about 39 million carats," Zharkov said. "We expect that the situation on the rough and cut diamond market should stabilize next year.