Archive

  • In June 2018, Russian mining giant ALROSA Group sold $390.3 million worth of rough and polished diamonds. The miner's earnings from rough diamond accounted for $383.7 million of total sales, an 8% increase over the $354.4 million sold in June 2017. The company also sold $6.6 million worth of polished diamonds, four million less than in the same month last year. During the first half of 2018, ALROSA sold $2.639 billion worth of rough diamonds, also an 8% rise over the first half in 2017.

  • Following successful auctions of special size rough diamonds (weighing over 10.8 carats) in Vladivostok, New York, Israel and Dubai, Russian miner ALROSA earned total sales revenue of $10.4 million at their latest auction in Hong Kong, which is more than 1.5 times higher than the starting price. In total, 100 gem-quality lots with a total weight of 1,550 carats were sold. The companies from the largest diamond trading centers, including Hong Kong, Belgium, Israel, India, the UAE and Russia, attended the auction. 28 firms were recognized as winners for different lots.

  • ALROSA, the world's largest diamond mining company, is organizing a contest for diamond and football fans alike: create a 'football' name for large rough diamond (76.53 carats), and win a ticket to the final game of the FIFA World Cup 2018™. The centerpiece stone of this contest will also constitute the core of a 'football' collection of special size rough diamonds to be auctioned in Moscow. Fans may submit their ideas to www.diamondsofrussia.ru. The winner will also receive a certificate that the stone is named after his or her idea.

  • The Kimberley Process Intersessional being held in Antwerp got into full swing this morning, and while the proceedings were calm and orderly - not always a given when the 54 participants (representing 81 countries) get together for their annual meetings - there were some noteworthy highlights.

  • In the context of the KP Intersessional taking place this week, which has brought the diamond world to Antwerp, the Ministry of Finance of the Russian Federation, represented by the Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich Moiseev, signed a Memorandum of Understanding with HRD Antwerp for the establishment of an HRD Antwerp diamond grading lab in Moscow.

  • Summing up the main results of its ecological programs and events for 2017, Russia's ALROSA, the largest diamond company in the world, said it allocated $75 million (RUB 4.4 billion) for environmental programs last year alone. These funds allowed the miner to implement projects of great importance to ALROSA and the regions and to significantly increase monitoring over the state of the environment. In 2018 financing for environmental activities will increase up to approximately US$85 million (RUB 5.3 billion).

  • Russian diamond mining giant ALROSA will hold the auctions for the sale of special size rough diamonds (+10.8 carats) in Hong Kong and Vladivostok this June. The auction in Hong Kong will take place on June 13-27, where the company will auction 105 gem-quality lots with total weight of 1,620 carats. The second auction will be held on June 18-29 in Vladivostok, where company plans to auction 130 gem-quality lots with total weight 2,149 carats. 

  • The world's leader in rough diamond output, Russia's ALROSA, plans to boost revenue from selling rare, colored stones where demand is stable, according to the head of ALROSA's sales division Evgeny Agureev. The global market for polished colored diamonds is now dominated by Rio Tinto and De Beers, but it apparently ALROSA aims to makes some changes to its sorting and processing in order to compete. “We hope that ...

  • Russian diamond mining giant ALROSA saw its profit soar to $533 million (RUB 33.2B) in Q1 2018, eclipsing their profit from Q1 2017 by 40% and doubling that from the final quarter of 2017. Noting improved market conditions, the company's rough diamond sales volume grew by 43% to 13.4 million carats despite a 26% decline in production compared to Q4 2017 (-17% compared to Q1 2017) as 48% of their sales volume, about 6 million carats, came from existing stocks.

  • The world's leading diamond producer, Russian diamond miner ALROSA, has let it be known that it is considering the purchase of Russia's largest diamond manufacturer, Kristall Smolensk, to "support the country’s gem-cutting industry and help create a stronger competitor to global group De Beers", Reuters reports. The supervisory board of Russian diamond mining giant ALROSA approved acquisition of 100% of Kristall, the company said in a statement on Friday.

  • De Beers Group's diamond jewelry endeavors are expanding to Saudi Arabia, in Moscow and its Forevermark brand will launch a new store in Indonesia as it continues on its global growth trajectory. De Beers Diamond Jewelers, the company's retail chain, will launch in capital city of Riyadh and is the brand’s first location in Saudi Arabia. JCK's Rob Bates explains that the two new stores in Russia’s capital are a new flagship on Petrovka Street and an intimate new store in Vremena Goda Mall.

  • ALROSA plans to hold an auction for the sale of special size rough diamonds over 10.8 carats in Vladivostok from April 16 to 27, 2018. In total, the company will auction 110 gem quality lots, the Russian miner confirms in a press release. The total weight of auctioned diamonds is 1,946 carats; the largest gemstone weighs 46.64 carats. The assortment will consist of rough diamonds mined from the deposits of PJSC ALROSA, and its subsidiaries – JSC Almazy Anabara, PJSC Alrosa-Nyurba and PJSC Severalmaz.

  • In an article published by Interfax Alrosa’s Vice President Yuri Okoyemov stated seasonal factors had affected demand for rough diamonds in March, which were slightly down compared to January-February.  "But the results of the trading session in March are good; Q1 on the whole can be given a positive assessment," he said. "Generally the forecast for the year is good at the moment; we are expecting stable demand and prices, with seasonal variations."

  • ALROSA, the world’s largest diamond producer, summarized the results of the final stage of the competition for projects on the resumption of mining works at the Mir pipe deposit. The competition committee awarded two projects with the second place. Another project took the third place. The technical solutions proposed will be used during the development of the mining works resumption concept.

  • Russia's ALROSA, the world's largest diamond producer, saw its profits tumble by 41% in FY 2017 owing to a variety of factors, including: a 13% ruble appreciation against the US dollar, a 9% decrease in the average price of gem-quality diamonds sold and fallout from the tragic Mir mine flood. The financial downturn took place against the background of increases in the volume of diamonds sold as well as production.

  • Russian diamond mining giant ALROSA sold $532.8 million worth of rough diamonds in February, as market damand for rough stones remains robust, driven by manufacturer restocking and strong jewelry sales in China leading up to the Chinese New Year. Rough sales for the month represented a 37% increase over the same month a year ago, and follows a strong initial sale of the year where they sold $499 million. The $1.03 billion in sales for the first two months of 2018 marks a 34% rise over the $748 million moved in 2017.

  • Sergey Ivanov (37), the young CEO and Chairman of the Executive Committee of the world’s largest diamond miner, ALROSA, was in Antwerp for the company’s annual meeting with its 56 long-term clients. ALROSA is a traditional company in a traditional business, and still evokes the reputation of a state-owned giant despite the partial privatization (currently 34%) of the company a few years ago.

  • Russian diamond miner ALROSA's rough diamond sales achieved $499 million in the first month of 2018, in yet another signal that the rough market is booming to start the year. January sales jumped 39% y-o-y compared to the $358.2 million in sales in the same period a year ago. Polished diamond sales reached $5.5 million for the month, down from $7.28 million in 2017. Total sales for the month were $504 million, good for a 38% rise overall compared to the same month a year ago. 

  • Russian diamond miner ALROSA held an annual meeting with its long-term clients in Antwerp on February 7. It was the first meeting of the new three-year client period, which started in January 2018, and the choice of Antwerp as its setting was a logical one, as the majority of ALROSA's long-term clients are based in the diamond capital, and about half of the miner's entire business - some $2 billion per year - is conducted in Antwerp.

  • The Antwerp World Diamond Centre (AWDC) and CIBJO, the World Jewellery Confederation today (January 24) signed a Memorandum of Understanding (MOU) in Moscow with the Ministry of Finance of the Russian Federation to facilitate the implementation of measures intended to improve the polished diamond classification system used in Russia.

  • 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.

  • 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.

  • Production from the Grib diamond mine, the source of the stones sold in Antwerp by Grib Diamonds, is expected to reach 4.4 million carats in 2017, representing a 16% increase over the 3.8 million carats last year. This is according to Alexey Genkin, general manager of Grib Diamonds in Antwerp, who informed Rapaport News of the increase during a recent visit to the Israel Diamond Exchange. "The plan is to raise production to 4.9 million carats in 2018, he said in the interview", and indicated that sales should increase in parallel with production.

  • 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.

  • 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.

  • "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.

  • On September 1, Russia celebrated the Day of Knowledge, a state holiday and traditional beginning of the school year for students. This year ALROSA has helped to prepare for school more than 1,100 first-graders of Mirny district. In total, ALROSA will spend RUB 220 million (about $4 mln) for charitable assistance to educational institutions in 2017. The company presented gift school sets and conducted local charity events, where they provided support to schools and material aid to multi-child families with schoolchildren.

  • "The search and rescue operation has been stopped at Mir underground mine. On August 26, at 9:10 am local time, the water volume accumulated in the open pit mine was 37,400 cubic meters. The danger of uncontrolled instantaneous inrush of the water into the mine shaft makes any rescue works underground impossible." So begins ALROSA's unfortunate but anticipated press release concerning the search for the eight miners who went missing three weeks ago when the underground Mir mine flooded. Another 134 miners were rescued at the time of the flood. 

  • According to an article in The Kommersant Daily, Russia's Ministry of Finance has prepared a 'roadmap' for the development of Russia’s diamond manufacturing industry, which could become one of the biggest reforms in its history. "In particular", the news agency writes, "it is said to be aimed at serious mitigation of state regulation and reducing the tax burden on Russian diamond manufacturers, as well as at expanding their access to raw materials. This threatens to revise the marketing and investment policy of ALROSA and add to its financial burden.

  • ALROSA issued the following press release this morning concerning the search for eight missing miners after a flood in the Mir mine in Yakutia: Mine rescuers teams, 60 people in each, started the morning stage of the search operation. The pace and scope of their work will depend on the weather conditions and geological situation in the open-pit mine. More than 330 people and over 30 units of equipment are involved in the search.

  • As first reported Friday, August 4, rescue teams are searching for eight workers missing in the Mir underground mine owned by Russian diamond miner Alrosa after water leaked into an underground shaft on Friday morning, the company said. A total of 133 miners had been brought to the surface after the flood, Alrosa said in a statement citing its CEO Sergey Ivanov. There were 142 workers underground when the accident happened. No casualties have been reported so far and there was no word from Alrosa on the chances that the nine missing miners could still be rescued.

  • ALROSA has unveiled The Dynasty, the lead stone in a unique collection of five diamonds created from a 179-carat rough diamond (The Romanovs) and manufactured at its cutting and polishing facilities. The centerpiece of the collection, a 51.38-carat traditional round brilliant-cut diamond, is the purest of all large diamonds manufactured throughout the Russian jewelry history, according to the company. The Romanovs was recovered from Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia) in 2015.