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ALROSA’s 1Q Sales Rise, Production Slips 2%
Apr 21, 2016 9:06 AM
By Rapaport News
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Alrosa's Mirny mine in Yakutia
RAPAPORT... ALROSA’s rough diamond sales jumped an estimated 16 percent in
value terms during the first quarter.
The miner reported it sold “at least” $1.3 billion worth of
rough in the three months to March 31, compared with $1.1 billion a year earlier,
according to Rapaport News estimates. Sales by volume surged 34 percent
to 12.1 million carats.
Gem-quality rough diamonds fetched on average $146 per
carat, the Russia-based miner reported.
Meanwhile, the company reduced first-quarter production by
2.3 percent to 8.2 million carats, in line with its stated strategy to reduce
inventory that was accumulated last year.
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Tags:
Alrosa, Production, Rapaport News, Rough Production, rough sales
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