The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.
ALROSA Mining News
The kimberlite pipe is located at the Lomonosov deposit in northern Russia.
At the 2014 Hong Kong Gem & Jewellery Fair.
Vice-president becomes acting president.
The world's No.1 diamond company by output also said its diamond production dipped in the first half of 2014 by 7%, standing at 15.9 million carats.
Company's rough diamond prices proxy for opaque market.
The Udachny mine, in the country's northeast, is also expected to become one of the world’s biggest underground diamond operations.
But the world's No.1 diamond company by output saw a big jump in revenue: up 43% to $1.6 billion
While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.
Russian state-controlled Alrosa's bank loans and public debt instruments account for $4 billion with long-term debt share of 88% as of Wednesday.
Diamond production went up by 6% in the first quarter of the year.
The miner believes rough diamonds prices will soar next year.
Sale's final price to be announced on Oct. 28.
Alrosa’s shares took off on the news, adding as much as 9% Wednesday, the highest level since December 2011.
It reached almost 9 billion roubles ($257 million), up from 3.5 billion for the same period last year.
The octahedron-shaped diamond is transparent with a yellow tinge.
The company recently closed another deal worth nearly $60 million with U.S jewellery giant Tiffany.
The miner who was injured at ALROSA's Mir mine in early October has died in the hospital, a company spokesman said.
A jaw-dropping 158.2-carat diamond worth over $1.5 million, which was discovered in Russia early this month by Alrosa, was shown to the public for the first time Thursday.
With due consideration of the requisite sales dip in March-August aimed at preserving the price stability on the market, ALROSA forecasts consolidated sales by ALROSA Group to reach USD 4.5 billion in full year 2012.
Russia’s state-owned diamond company Alrosa said its board approved the sale of 51% of its Timir iron-ore unit in Siberia to Evraz Plc (EVR), the steelmaker part-owned by mining billionaire Roman Abramovich.
A deal between Rio Tinto and Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of the Diavik Mine, might be around the corner.
The company's supervisory board, which met in the wake of Russia's announcement to sell its in 51% stake in Alrosa, outlined intentions to reduce open-pit mining, increase diamond reserves to over 1.1 billion carats and invest in iron ore.
Plans to sell a stake in 90%-owned Alrosa, the largest diamond supplier in the world, would make up a huge chunk of the $9.3 billion Russia hopes to generate from asset sales this year.
Interfax cited Mr Igor Kulichik Russian diamond miner vice president and financial director as saying that Alrosa is not planning major investments in the near term in the Timir iron ore project in Yakutia a 51% stake in which it is selling to steelmaker Evraz Group.