The Russian state-controlled diamond miner increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.
ALROSA Mining News
Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.
Deal provides the diamond giant with access to a production base outside Russia.
Russian miner said the price decline for rough diamonds was due to the changed sales assortment resulting from an increased demand for small-sized rough rocks from India.
The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.
The other four other stones of the collection were sold at an average premium of 30%.
More than 130 potential buyers have already registered to participate in Wednesday’s online sale of the five-diamond collection, which includes the giant 51.4-carat Dynasty.
The large rough, gem-quality stones range from 82 to 163 carats.
Alrosa took stock of the international auction for special-size rough diamonds weighing 10.8 carats and more, held on the territory of the Eurasian Diamond Centre (The EDC) in Vladivostok.
With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.
Results will be announced on October 30.
There are plans to remove a total of 75,000 tons of ore from the new deposit before the end of the year.
Over the last nine years 66 record-breaking and other noteworthy diamonds were recovered, and 61 of those have been found within the last five years.
Alrosa is currently trying to decide on whether to sell the 27.85-carat rock as a rough diamond, or cut and polish it.
Moscow wants state-owned Alrosa to offer more favorable terms to local cutters
An independent audit will be conducted to make an overall assessment of all decisions and actions at the design, construction and operation stages of Mir underground mine.
Water level makes it "too risky" for rescuers to try accesing area where miners were believed to be when the accident happened.
The world’s top diamond producer by output in carats still expects to produce about 39 million carats this year.
A total of 102 miners have been brought to the surface and another 33 miners have been located in the mine in Yakutia in eastern Siberia and are being evacuated.
Russia’s Alrosa, the world’s top diamond producer by output in carats, introduced Tuesday The Dynasty, a unique collection of diamonds manufactured at its cutting and polishing facilities.
The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.
Both rocks, said ALrosa, are believed to be gem-quality.
Members of ALROSA Supervisory Board voted to approve Anton Siluanov, Minister of Finance of the Russian Federation, as Chairman of the Supervisory Board.
The world's largest diamond producer by output said market has refound its balance.
In 2016, ALROSA's investments in underground mines and other core production facilities amounted to RUB 16.5 billion or 60% of the Company's total capital investments.