Archive

  • Russia’s Alrosa, the world's largest diamond producer, has announced its intentions to resume its diamond mining operations in Zimbabwe, which it had put on hold since 2016.

  • Alrosa finished the year with a 6% increase in rough and polished diamond sales after a strong December in which the Russian miner's rough sales rose 44% year-over-year to $324 million from $228 million, which was also good for a 23% rise over November. The company sold $5 million in polished diamonds in December.

  • Russian diamond mining giant Alrosa has updated its policy on sustainable development and corporate social responsibility in accordance with the UN Sustainable Development Goals (SDGs), as well as best international practices and industry trends, the company writes in a press release.

  • According to its latest market research report (Q3 2018) on the global luxury and jewelry sectors, Russian diamond miner Alrosa says that global jewelry sales rose by 4% in Q3. North America, the largest diamond jewelry market, showed a 4% sales increase in Q3 compared to the same period last year. According to key retailers, stable growth was driven by increased demand from the local population.

  • Angolan mining company Sociedade Mineira da Catoca (Catoca) is planning to invest $330 million over the next three years in large sample collection works in the area of the future Luaxe mine, according to the company’s Director General Benedito Paulo. The work is due to begin in the first half of next year, when the company will collect data on the quality of diamonds as well as initiate price discovery and evaluation, after which the economic and financial feasibility study will be carried out as well as the exploration project, according to a report by Macauweb. Paulo said that t

  • Russia's Alrosa, the world leader in diamond production, sold $267 million of rough goods in November 2018, which represents a 14% increase compared to its October revenue derived from a much higher volume of sales, but is not ready to claim demand for small rough has rebounded. Sales of smaller and less expensive rough goods have tumbled throughout the industry in recent months, as a lack of financing and a devalued currency have slowed purchases of goods destined for manufacturing in India. 

  • Russian diamond giant Alrosa held two auctions of special rough stones (10.8 carats and up) during the month of November, first in Vladivostok and then in Dubai, earning an average of approximately $4,900 from the sale of 4,030 carats, yielding a total of $19.8 million. In Vladivostok, the miner sold 119 gem-quality rough diamonds with a total weight of 1,890 carats for $10.3 million, representing an average price per carat of $5,540. This was the fourth and final auction in Vladivostok, their  Far Eastern platform, for 2018. They started holding auctions there in late 2016.

  • Junior miner Botswana Diamonds (BD) has acquired Alrosa's 50% share in the Sunland Minerals project for a "nominal sum". BD's 100% ownership of Sunland now enables a new investor to enter as a new joint venture partner, and they say that negotiations with this potential partner are at an advanced stage. The potential partner is said to be a large diamond producer with new ideas and keen to find new kimberlites in Botswana.

  • Russian diamond mining giant ALROSA reported a steep decline in rough diamond sales during the month of October, falling 28% year-over-year and 29% from September, but has still recorded 6% growth during the first ten months of the year. In October, ALROSA Group sold $243 million worth of rough diamonds compared with $326 million in October 2017, and $331 million last month. “In October, demand for small-size inexpensive rough diamonds continued to remain weak," says ALROSA Deputy CEO Yury Okoemov.

  • Russian diamond mining giant ALROSA experienced a slight downtick in revenue and profit during the third quarter as compared with Q2, as significantly weaker sales volumes were offset by higher average prices and an improved sales mix. The miner has, however seen strong growth for the first nine months of the year, and last week commenced commercial diamond production at its newest mine, the Verkhne-Munskoye Diamond Field in Yakutia.

  • The world's two largest diamond miners are joining forces to provide enhanced assurance for consumers and trade participants about the provenance and authenticity of their diamonds, as ALROSA has joined De Beers' blockchain pilot program - Tracr.

  • The GIA (Gemological Institute of America) announced yesterday that ALROSA, the world's largest producer of rough diamonds, will participate in the Institute's M2M (Mines to Market) program, its "new digital storytelling platform". GIA's M2M is a digital platform that brings together the Institute's unique ability to scientifically match rough diamonds to the resulting polished gems with information from each step in the value chain, enabling it to tell the compelling story of a diamond's journey.

  • Russian diamond mining giant ALROSA increased its production in Q3 2018 by 23% compared to Q2, and its output was up 2% year-over-year, somewhat mitigating the company's 11% decline in production over the first nine months of 2018, which now stands at 26.4 m carats. Meanwhile, ALROSA's Q3 rough diamond sales fell by 26% compared to the prior quarter and are down by 9% for the first nine months of 2018, while average realised prices for gem-quality diamonds during the quarter (including product mix change effect) gained 22% over the last quarter and are up 18% y-o-y.

  • Russian diamond miner ALROSA recently concluded an auction of special-sized (10.8 carats and above) rough diamonds in New York, earning $7.9 million from the sale of 1,300 carats for an average price of approximately $6,077 per carat. This by far outstrips the average price the miner recently earned at an auction of the same category of diamonds in Hong Kong, which achieved $4,790 per carat.

  • Russian diamond mining giant ALROSA's September sales continued the miner's positive trend in 2018 with an 8% increase in rough diamond sales compared to September 2017, which was admittedly a low comparison base. ALROSA sold $331.6 million worth of rough diamonds compared to $305.8 million a year ago, as the larger sized stones sold well while lower qualities and sizes set forth their downturn. 

  • Russian diamond mining company ALROSA extracted 28.59-carat rough yellow diamond at its Ebelyakhplacer deposit in July. The diamond is of deep greenish-yellow hue, and following the company's assessment, the color of the stone is defined as the rare Fancy Intense Yellow. It is currently the largest yellow rough diamond mined at ALROSA's deposits since the beginning of 2018. JSC AlmazyAnabara, a subsidiary of ALROSA, unearthed the stone.

  • Russia's ALROSA has sold 2,234 carats worth of special size rough diamonds (larger than 10.8 carats) at an auction in Hong Kong, earning $10.7 million in sales revenue at an average price of $4,790 per carat. The 2,234 carats derived from 136 gem-quality diamonds, including 25 fancy yellow stones weighing 440 carats in total. 54 companies from Hong Kong, mainland China, Belgium, Israel and India took part in the auction.

  • Russian miner ALROSA's first “True Colours” auction of fancy colored diamonds garnered $9 million from 210 stones. Described as, "another significant step towards our goal of becoming the world leader in the production of coloured diamonds," the bidding was very active, the company said, and most of the lots were sold for well above their starting price.

  • Russian diamond miner ALROSA recently published the results of its global luxury and jewelry market research, showing that the average global growth rate for decorative jewelry in Q2 2018 was approximately 5% higher than during the same period last year. Sales increased in all of the world's key regions, except for India. The most notable increase came from the Asia Pacific region, where sales increased by 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the strong demand for diamond-based jewelry in continental China.

  • ALROSA, the world's largest diamond mining company, has sold 'special size' rough diamonds (larger than 10.8 carats) at auction in Vladivostok, with overall revenue amounting to $12.6 million. At its latest sale of large stones, the company sold 108 gem-quality lots with total weight of 2,003 carats. 76 companies from Russia, mainland China, Hong Kong, the US, Israel, Belgium, India and UAE took part in the auction.

  • Russia's ALROSA, the world's largest diamond mining company, has commenced a rough diamond auction in New York, featuring 81 rare gem-quality 'specials' (diamonds larger then 10.8 carats) discovered in 2017-2018. The auction will include some of ALROSA's most unique recent recoveries, such as a transparent 98-ct diamond with a yellowish hue (pictured above) and a diamond weighing over 100 carats. Both stones were mined at the Yubileinaya pipe in Yakutia.

  • Russian diamond miner ALROSA presented its first ever collection of large, fancy-colored polished diamonds at the Hong Kong Jewelry & Gem Fair, marking the initial stage of their new strategy to become the world leader in the production of colored polished diamonds. The collection showcased in Hong Kong is comprised of 250 diamonds of different shapes and hues, with the auction scheduled for September 19. "ALROSA polished branch now focuses on the processing of large and coloured diamonds and the subsequent sales," said Evgeny Agureev, Director of the United Selling Organization of ALRO

  • PJSC Severalmaz, a subsidiary of ALROSA Group, has planted over 80,000 pine tree saplings at the Soyansky State Bio-Reserve as part of their effort to revegetate 40.6 hectares of forest in the Arkhangelsk Oblast region in northwestern Russia. This revegetation effort was an obligatory follow-up after processing the sand and gravel extracted from the site that had been leased to Severalmaz by the Ministry of Natural Resources and Timber Complex of the Arkhangelsk Oblast.

  • Russian diamond miner ALROSA sold $294.9 million worth of rough and polished diamonds in the typically slow month of August, representing a 14% rise year-over-year. The miner sold $283.2 million worth of rough diamonds during the month, an 11% increase over the same period in 2017. Meanwhile, polished-diamond sales increased 516% y-o-y and 121% over July, earning $11.7 million, as the group hosted several sales.

  • Russian diamond mining giant ALROSA is planning to showcase a unique collection of large, fancy-colored diamonds at the Hong Kong Gem & Jewelry Fair in September, reports Rough & Polished. The collection of diamonds the miner will showcase includes 250 stones of different shapes and colors (including very rare colors) - purple, pink, orange and vivid-yellow - and is said to be the largest collection of fancy-colored stones the company has ever presesnted.

  • “[The $180 million in diamond sales to China last year] is still less than 5 percent of Alrosa’s global sales, but it’s just the beginning. Strengthening and developing our relationship with Chinese consumers, especially with local jewelry retailers, are among our main goals today. We will invest more in marketing and brand building.”

    - ALROSA CEO Sergey Ivanov 

  • Russian diamond mining giant ALROSA said its first half net profit rose by 19 percent year on year to $865 million (RUB 58.3 billion) as higher average prices for gem-quality stones helped offset a drop in the volume of sales. Revenue increased by 8% to $2.5 billion (RUB 168 bn) on the back of higher average prices and a better sales mix, despite the 8% drop in sales by volume, with sales of gem-quality diamonds shrinking by 14%. ALROSA's EBITDA grew by 22% to $1.3 billion (RUB 89.1 bn), supported by higher top line and lower production costs.

  • Russian diamond mining giant ALROSA has tested a new payment mechanism enabling foreign clients to purchase rough stones using Russian currency. As an experiment, transactions were conducted with clients from China and India, and if necessary, the company is prepared to use this payment scheme in rubles in the future. 

  • Angolan mining company Sociedade Mineira da Catoca, the fourth largest producer of diamonds in the world and the largest in Angola, has appointed Benedito Paulo Manuel as its new chief executive. He replaces Sergei Amelin, a Russian, who after three years of office has made his post available "to take on new challenges." Manuel said Catoca would in the next five years focus on improving operational efficiency to boost diamond output and tax contribution. Catoca currently produces over 86% of all Angolan diamonds by volume and 60% by value.

  • Russian mining giant ALROSA saw its July rough diamond sales increase by 17% year-over-year to $333.8 million from $286.1 million as demand for expensive high-quality diamonds remained strong. Total sales for the month increased by 16% to $339 million, including $5.3 million in polished diamond sales, a 28% decline from the same month in 2017, excluding the sale of the Dynasty Collection and the 51.38-carat round stone, the central diamond in the eponymous collection.

  • ALROSA has announced that mining operations on the new diamond deposit Zarya are entering their final stage, having removing 10 million cubic meters of overburden over the last two years, and the company expects diamond mining will start in 2019. The deposit is estimated to contain total diamond resources of 3.5 million carats worth more than USD 1 billion. Its development will allow the miner to replace the declining reserves of Komsomolskaya pipe, where mining operations are nearing their completion. 

  • Russian diamond mining giant ALROSA ramped up the volume of processed ore from their alluvial diamond operations, resulting in a 15% increase in overall production compared to the prior quarter while remaining 18% off the pace of production volume during the same quarter a year ago. The miner produced 8.5 m carats during the last three months compared to 7.4 million carats in Q1.

  • "Brand Russia, at this particular point in time, is not particularly strong overseas." David Ferguson, retail analyst in Moscow 

    “Mine to market is becoming very popular.” Sergei S. Ivanov, CEO, ALROSA

  • 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.

  • In a move that should come as a surprise to precisely no one, Russian diamond giant ALROSA has confirmed plans to acquire the country's largest diamond-polishing company, Kristall Production Corporation. Deputy Finance Minister Alexei Moiseyev told PRIME News Agency that a deal has been reached with the Federal Property Management Agency (FPMA), which will be completed by the end of the third quarter of 2018. The market price is still to be determined.

  • According to an analysis conducted by experts at ALROSA, in Q1 2018, sales of jewelry set with polished diamonds in the main global consumer markets have grown by 7% in comparison to the first quarter of 2017. Their figures are a clear indication that projections about increasing demand for diamond jewelry are correct, and even understated, as several markets performed even better than anticipated. According to ALROSA’s estimates, the positive market dynamics were mostly driven by growth in consumer interest and fluctuations in currency exchange rates. 

  • Russian diamond miner ALROSA has decided to suspend the construction of deep mine levels at its International underground mine due to health and safety concerns, which will impact the mine's output plan, though the miner's 2018 production plan remains unchanged.

  • 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).