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Alrosa ups profits 5-fold, says IPO no longer necessary

Frik Els | October 20, 2011 | 9:04 pm Europe Diamond 

BusinessWeek reports Alrosa says it mined more diamonds than global rival De Beers in 2009, 2010 and the first half of 2011 and is benefiting from prices for rough diamonds of $109 – up 30% over last year. Alrosa accounts...

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