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.

  • 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.

  • 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.

  • 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.

  • Russian diamond mining company Arkhangelskgeoldobycha (the licence holder for the Grib diamond pipe in the Arkhangelsk Region), which recently changed its name to AGD Diamonds, has consolidated a 100% stake in Grib Diamonds. Grib Diamonds is the Antwerp diamond trading company responsible for marketing rough diamonds produced at the Vladimir Grib Diamond Field through auctions held on its web-based platform. The move is intended to establish a fully-fledged diamond mining company, including exploration, production and sales.

  • 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 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. 

  • 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.

  • 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.