Announcing its operational results for Q1 2020, ALROSA reported diamond production of 8 milllion carats and increased sales of 9.4 million carats. Total revenue from the sale of rough and polished diamonds for the period amounted to US$904 million (rough: US$881 million; polished: US$23 million) marking a
MOSCOW — Russian diamond producer Alrosa on Friday reported a 60% fall in March sales versus a year earlier citing the spread of the coronavirus for the fall in demand. The virus also hit the diamond trade, which traditionally involves
ALROSA implements OECD due diligence guidance for responsible supply chains of minerals from conflict-affected and high-risk areas. The company places special emphasis on ensuring compliance with the responsible business principles and disclosure of information on rough and polished diamonds produced
Chief Executive Officer of the Russian diamond miner Alrosa Sergei Ivanov sold half of its stake in the company in the amount over 18.5 mln rubles ($214,000). Funds will be allocated to combat the coronavirus infection spread in Mirninsky District
ALROSA has launched a digital tender for special size rough diamonds (over 10.8 carats). It allows customers to purchase stones despite current travelling restrictions imposed between countries due to the COVID-19 pandemic. The auction takes place between March 23 and April 6.
MOSCOW (Reuters) – Russian diamond producer Alrosa is considering options for online trade as global travel restrictions due to the coronavirus outbreak complicate traditional physical inspection of gemstones, it said in a statement on Thursday. The state-controlled company, the world’s
MOSCOW – Russia’s Alrosa, the world’s largest diamond mining company, will hold its March auctions in Moscow and Israel after Hong Kong postponed two jewellery shows because of the coronavirus outbreak, the company said on Wednesday. Demand for diamonds in
Russian diamond producer Alrosa intends to resume operations at its Mir mine in the Yakutia region of eastern Siberia, which has been closed since 2017. Operations at the mine were shut down due to a flood that killed eight miners in
The government of Russia’s Yakutia region, which has a stake in diamond producer Alrosa , has proposed the company sell rough diamonds worth $0.5-$1 billion to the precious metals and gems repository Gokhran in 2020, Interfax news agency reported. Diamond
Despite the growing share of lab-grown diamonds, Russian miner Alrosa does not want to go the De Beers way and enter the segment. However, Alrosa finds that lab-grown diamonds can co-exist with natural diamonds if they are properly declared. Alrosa
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