Russian diamond miner Alrosa unearthed a 191-carat diamond on Christmas day at the Botuobinskaya kimberlite pipe in Yakutia. According to estimations made by Alrosa’s experts on site, the rough diamond is of high quality. They estimate the age of the stone at about 2 billion years. Further mineralogical analysis will reveal more precise numbers. "Surely, such findings are very remarkable," said Evgeny Agureev, Deputy CEO of Alrosa. The rough diamond will be sent to the United Selling Organization for a detailed evaluation.
Grib Diamonds today (11 December) sold more than $30M and 370K carats though its online Spot Auction in Antwerp. The diamonds included, for the first time, goods purchased from Angola as well as its usual Russian production from its wholly owned mine in Arkhangelsk, Russia.
Russian diamond mining giant Alrosa reported a rise in rough-diamond sales for the second straight month, selling $282.1 million in November, which is a 6% increase over November 2018 ($266.6 million) and an 11% increase over last month ($253.9 million). The miner's polished-diamond sales fell to $5.8 million from $10.4 million last month and $7.4 million in November 2019. Total sales of $287.8 million worth of rough and polished diamonds represent a 5% increase year-over-year.
While Russian diamond mining giant Alrosa's October rough diamond sales remained steady at $253.9 million and even outpaced by $20 million their sales in the same month last year, Q3 (July-Sept.) saw a significant downturn as the market remained difficult and sales volumes declined. Meanwhile, the miner got a bit of sparkle from their polished diamond sales during the month, earning $10.4 million, good for their best polished results of the year by over $2 million. The miner says supply and demand have shown signs of regaining their balance.
Russia's Alrosa, the leading diamond producer in the world by volume, has recovered its largest gem-quality rough stone in three years: 232.4 carats. The massive diamond was was unearthed at Udacnhaya kimberlite pipe on October 19.
Russian diamond miner Alrosa served as a co-organizer of the ‘Russian-African Collaboration in the Diamond Industry’ panel session at the Russia-Africa Economic Forum business program in Sochi, the company announced today. Russia and African countries together account for about 75% of the global rough diamond production and are truly interested in the sustainable development of the global industry.
Russian diamond mining giant Alrosa increased its Q3 diamond production by 15% year-over-year while the volume and value of carats sold declined, leading to the miner holding 40% more diamonds in stock than at this time last year. However, they write, globally, the second half of Q3 2019 saw an upward trend in rough diamond sales and a turning point in destocking in the midstream, creating a basis for the market recovery in the future.
With their Annual General Meeting kicking off tomorrow in Antwerp, the World Diamond Council (WDC) today issued a statement concerning rough diamond exports from the Central African Republic (CAR). The WDC is an industry organization representing the full range of diamond-related organizations, including miners, manufacturers, retailers and trade organizations.
As has been anticipated for some time now, the Supervisory Board of Russian diamond miner Alrosa has green-lighted the acquisiion of a 100% stake of Production Corporation 'Kristall' from the Russian Federation. The move brings the leading polished-diamond manufacturer in Russia and Europe under the Alrosa Group umbrella. The value of the 100% equity interest in Kristall was determined on the basis of an independent appraiser's report at RUB 1,886 million, approximately US$29 million.
Russian diamond miner Alrosa sold $180.2 million in rough diamonds during the month of August, representing one if its lowest sales months in years as continuing headwinds - macroeconomic as well as industry-specific - conspired with a traditionally slow summer month to keep the market soft.
Impacted by the persistent slump in the global rough diamond market, which has yet to show any signs of abating, Russian diamond giant Alrosa has reported a sharp decline in Q2 and first half 2019 profits and revenues, adjusting its anticipated sales for the year 2019 downward by 13-16% to 32-33 million carats from their anticipated 38 million carats, the miner announced on Monday.
AGD Diamonds recovered three large diamonds weighing more than 100 carats between May and July 2019 at the Grib diamond mine in the Arkhangelsk Province of Russia and has now given them names. The largest of them, a unique diamond weighing 222.09 carats - touted by the company as the largest ever discovered in Europe - was named “Vladimir Grib” in honor of the former AGD chief geologist, an outstanding exploration pioneer. The stone was recovered on May 4, 2019 and is likely to be sold in Antwerp.
Russian diamond-mining giant Alrosa increased its rough-diamond output in Q2 and H1 2019, but the miner's sales have fallen to a low not seen since Alrosa started publishing monthly results in 2016 as rough and polished diamond market saw weak activity and very poor demand. Alrosa pointed to changing retail practices such as consolidation and increasing online sales as reasons for a reduction in polished diamond stocks across the retail sector. As businesses embrace more efficient stock management practices, cutters and polishers reduce the volumes of their rough diamond purchases.
Global rough-diamond production fell to 148.2 million carats in 2018, a decline of less than 2% from the 150.9 million carats recovered in 2017; however, a 4% rise in the average price per carat led to a 2.4% increase in the value of the world's rough diamond production, according to Kimberley Process (KP) data. Global diamond production was worth $14.47 billion in 2018 compared to $14.12 billion in 2017, as the average price per carat rose to $97.5 from $93.6.
Russia diamond-mining giant Alrosa's shareholders at their Annual General Meeting decided to allocate 100% of free cash flow for the second half of 2018 to the period-end dividend – 30.3 billion rubles, or approximately $480 million. Taking into account the nearly $692 million (43.7 billion rubles) in dividends the company paid for the first half-year of 2018 (equaling $0.09 or RUB 5.93 per share), the total dividend for 2018 will amount a record $1.17 billion (RUB 73.9 billion) or $0.16 (RUB 10.04) per share.
Russian diamond miner Alrosa's rough diamond sales in May continued the downward trajectory they have been on all year, though the decline was less steep than in prior months. Rough diamond sales fell by 6% year over year to $261 million, and declined 17% compared to last month as the market enters its seasonal slowdown. For the year to date (Jan.-May), the mining giant's rough diamond sales have plummeted by 30% to $1.565 billion from $2.256 billion a year ago.
Russian diamond mining giant Alrosa reported significant improvements in revenue and profitability in Q1 2019 as compared to the previous quarter, with the caveat being that their 2019 financial results are lagging far behind the same period a year earlier (Q1 2018).
Russian diamond miner Alrosa was unable last month to follow up on their modestly encouraging rough-diamond sales from March, as the $316 million earned in April represents a 14% decline from March 2019 and a 20% decline from April 2018. Polished-diamond sales during the month did not fare any better, as Alrosa earned $2.9 million, a 64% decline from March ($8 million) and a 68% decline from April 2018 ($9.1 million).
Russian diamond miner Alrosa unearthed a gem-quality stone weighing 118.91 carats on April 16th, the eve of the launch of Zarya - a new deposit of ALROSA at Aykhal Mining and Processing Plant. It is the largest gem-quality diamonds found at the ‘International’ pipe over the past two years. The mined crystal is one of the largest gem-quality diamonds extracted from the ground at the mine ‘International’ in recent years; a similar large gem-quality diamond (109.61 carats) was mined here in summer of 2017.
Alrosa's rough diamond production in Q1 2019 declined significantly from the same period in 2018, as did its sales, impacted by a sharp decline in prices and a larger share of small-size diamonds in the sales mix and lower prices mostly for medium-size diamonds.
Russian diamond mining giant Alrosa saw its March rough diamond sales gain 8% over its February results, as the market is gradually stabilizing, although it is still lagging far behind its rough sales a year ago. Alrosa sold $369.2 million in rough goods compared with $340.6 million last month and $278.2 million in January, saying demand for smaller-sized stones picked up during the quarter.
Following test drilling carried out earlier this month at the Verkhne-Munskoye diamond deposit located in the west of Yakutia, Russian diamond miner Alrosa has announced that it has the potential to "become one of the richest in large diamonds among Alrosa’s deposits."
Russia's Alrosa has been exploring its options for the currently suspended Mir underground mine development, and has announced that it has worked out a decision-making concept regarding whether to restore Mir as an operating mine or move toward full closure of the mine. Should the miner decide the plan to reopen the Mir mine is economically viable and can be done safely, the earliest it might reopen would be 2030, and it could take even longer.
The Eurasian Economic Union (EEU) has introduced new national codes for rough (unworked) and cut (worked) synthetic diamonds and other synthetic gemstones based on the Harmonized System (HS) Code, the international nomenclature to classify traded products.
Russia's Alrosa, the world’s largest diamond miner, could not escape the current trend on the rough diamond market at the start of 2019, as its rough diamond sales plunged by 44% to $278 million from $499 million in January 2018. This is in sharp contrast to December sales, however, when rough sales increased by 46% over the previous year. Polished-diamond sales in January were $3.4 million, bringing total sales for the month to $281.5 million.
Alrosa has recovered a unique rough diamond weighing almost 200 carats, which was mined at the Udachnaya kimberlite pipe in mid-January 2019. It is one of the largest diamonds recoverd by the Russian miner in recent years.
Russian diamond mining giant Alrosa has announced its production results for 2018 and Q4 2018, reporting that annual production declined by 7% to 36.7 million carats, while an 8% decline in carats sold was offset by a higher average price per carat, leading revenues to rise 6% to $4.5 billion. The miner attributed the fall in output to the shutdown of the Mir underground mine and the completion of open-pit mining at the Udachnaya pipe.
Russia's Alrosa has appointed Rebecca Foerster as President ALROSA USA Inc., and will mainly be responsible for the development of polished diamonds sales and customer service. ALROSA’s office in New York was opened in 2006, but it has not been operating since 2016 for organizational reasons. The full-scale operation was resumed in 2018, when two rough diamond auctions were held there. This year, ALROSA plans to hold four rough diamond auctions in New York and significantly increase its office activity in selling its own polished diamonds.
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.
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 miner AGD Diamonds held its final rough diamond auction of the year on the e-trading platform of Grib Diamonds, its selling arm in Antwerp, earning over $25 million. The auction was attended by the company’s regular customers from India, Israel and Belgium, reports Rough & Polished. At the same time, AGD Diamonds was also able to attract new buyers from China due to perfect preparation of goods to be auctioned and smart organization of viewings.
Russian diamond miner AGD Diamonds, which in September acquired an 100% stake in Antwerp-based Grib Diamonds N. V., the international sales arm for rough goods produced at the Grib Diamond Field, held a public auction last week for the sale of special-size diamonds (10.8+), earning a total of $14.1 million. The lots included large-size top-grade diamonds, including a unique bright yellow colored stone weighing 57.03 carats, which had been extracted by the Grib Mining and Processing Unit on June 18, 2018.
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.
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.
Several media reports from Israel indicate that Israeli law enforcement officials say they want to question Lev Leviev, the business baron whose companies allegedly are at the center of a vast diamond-smuggling ring that has operated for years, according to Israeli daily Haaretz. Six suspects were arrested Monday as part of a probe into suspected diamod smuggling by Israeli tycoon Lev Leviev.
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.