ALROSA Mining News

ALROSA Supervisory Board Approves 2016 Budget

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.

This is the 106-carat diamond Alrosa unearthed from its Jubilee pipe

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).

Diamond miners likely to cut prices further in 2016 to lift demand — Moody's

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

Alrosa’s revenue down in Q3 as sales almost halved

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 appointed as Alrosa Vice President

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.

These two record-breaking diamonds were bought for $77 million, by the same person

Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.

This interactive timeline will teach you all about diamond mining

It all began about 900 million years ago.

Alrosa sells less than half the diamonds it mined

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.

China’s weak demand for diamonds drags sector into slump

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.

Diamond market players discuss industry development at forum

Players debated current state and future prospects of the diamond industry.

Alrosa subsidiary company will supply the equipment for MMC Norilsk Nickel

Bourevestnik, Inc. has won the tender of OJSC MMC Norilsk Nickel for the supply of 5 X-ray slurry analyzers for Talnah concentrating mill.

Alrosa’s biggest diamond mine goes underground

The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.

Paragon Diamonds sees at least $160m in revenue from Lesotho mines

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

Alrosa’s diamond prices down 6% so far this year, but recovery coming

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.

Seven diamond miners form group to fight synthetics

But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.

Alrosa unearths 78.02-carat diamond from its Mir mine

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

Lucara sells stake in African diamond project to Paragon for $8.5m

Developing Mothae and Lemphane concurrently would allow Paragon to benefit from significant economies of scale, said Paragon Diamonds.

Russia's Alrosa diamonds output up 6% in Q1

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%.

Alrosa sells bank, to focus exclusively on diamond mining

The miner owned an 84.66% stake in LLC MAK-Bank.

ALROSA and IDE sign a memorandum of understanding

The parties agreed to exchange information on polished diamond identification and grading, joint research toward new technologies for diamond cutting and polishing.

Russia's Alrosa output jumps 8%, but sees moderate growth this year

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.

Russian miners find rock containing 30,000 diamonds

Unearthed at Alrosa's Udachnaya diamond mine, it was later donated for study as the diamonds it contained were pretty much worthless as gems.

Alrosa strenghtens ties with India

Russian diamond giant ALROSA and Indian Gem&Jewellery Export Promotion Council (GJEPC) co-organized the World Diamond Conference in New Dehli, India.

Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

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.

Putin seeks to boost Russian diamond trade through India

The Russian leader is expected to ink a long-sought deal with India during his visit to the country next week.