The 2016 mining operations plan is drawn up in accordance with ALROSA's Long-term Development Program. Diamond production by ALROSA Group is expected at up to 39 million carats.
ALROSA Mining News
The stone, described as being of "4 Black Sawables 2 colour" quality with an octahedral shape, was extracted by the company's business unit, Aikhal Mining and Processing Division (MPD).
The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.
The loss was also an effect of the depreciation of the Russian ruble against the U.S. dollar and the revaluation of dollar-denominated loans and borrowings.
Vladislav Zhdanov formerly was in charge of marketing risks management and business model optimization at machine-building holding company Zhejiang Noblelift Equipment JSC in CIS and Eastern Europe.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
It all began about 900 million years ago.
The rough-diamond miner extracted about 11.6 million carats in Q3, or 20% more than in the same period last year. However, it could only sell 4.9 million carats.
Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.
Players debated current state and future prospects of the diamond industry.
Bourevestnik, Inc. has won the tender of OJSC MMC Norilsk Nickel for the supply of 5 X-ray slurry analyzers for Talnah concentrating mill.
The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.
The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.
It saw its rough diamond prices decrease by 3% in February and a further 3% at its May trading session, but the mienr expects market conditions to improve by the end of the year.
But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.
According to the company, the gem is estimated is worth more than $600,000 if put on auction.
Developing Mothae and Lemphane concurrently would allow Paragon to benefit from significant economies of scale, said Paragon Diamonds.
The miner also said that revenue from rough diamond sales was set to reach at least $1.1 billion, even though its first-quarter rough diamond prices dropped by 3%.
The miner owned an 84.66% stake in LLC MAK-Bank.
The parties agreed to exchange information on polished diamond identification and grading, joint research toward new technologies for diamond cutting and polishing.
The miner also said it aims to increase sales by 1% percent in 2015, taking advantage of rising production and using offtake from its stock.
Unearthed at Alrosa's Udachnaya diamond mine, it was later donated for study as the diamonds it contained were pretty much worthless as gems.
Russian diamond giant ALROSA and Indian Gem&Jewellery Export Promotion Council (GJEPC) co-organized the World Diamond Conference in New Dehli, India.
The miner hinted its 30-year partnership with the Indian diamond industry makes it the best fit to drive the sector’s growth in the country.
The Russian leader is expected to ink a long-sought deal with India during his visit to the country next week.