The world’s top diamond producer held six auctions this year in the Middle Eastern country.
ALROSA Mining News
The company acquired the remaining 50% in the joint venture from its previous partner and said negotiations were already advanced with an unnamed potential new associate.
The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats.
ALROSA's total diamond sales in January-October 2018 grew 6% YoY.
The diamond's age is estimated at 350 million years, it weighs 51.49 carats and measures 23 by 22 by 15 mm.
President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.
Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.
Several major Russian companies are exploring ways to do deals abroad without using dollars.
It is the largest yellow rough diamond mined at ALROSA's deposits this year.
Russian diamond miner Alrosa said on Tuesday that its sales next year would be 1-2 million carats higher than its production in 2019.
As part of its plans to expand into that market, Alrosa will hold its first “True Colour” auction of coloured polished diamonds, during the Hong Kong Gem & Jewellery Fair taking place this month.
The company said that the Dynasty diamond “is the purest of all large diamonds manufactured throughout the Russian jewelry history.”
Total diamond resources are estimated to contain 3.5 million carats of diamonds.
Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.
The 0.50-carat stone was found at the company’s Karpinskaya-1 pipe, located in the northern Arkhangelsk Region.
Alrosa to auction "football" diamonds, the largest one to be named by fansto auction "football" diamonds, the largest one to be named by fans
ALROSA, the world's largest diamond mining company, offers fans to choose a "football" name for large rough diamond weighing 76.53 carats.
Alrosa's 2018 production is expected at 36.6 million carats but its sales will be higher than its production - at about 40 million carats.
On May 17, Peter Karakchiev, ALROSA's Head of International Relations, was elected as RJC's Vice Chairman at its 2018 annual general meeting held in Moscow.
The global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American's De Beers. But state-controlled Alrosa aims to compete.
Alrosa has traditionally focused on rough-diamond mining but is gradually changing its business after Sergey Ivanov became CEO a year ago.
Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.
The United Selling Organization (USO) of ALROSA sold 101 special size rough diamonds with the total weight of 1751.1 carats.
Alrosa's production fell by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.
Alrosa's total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.