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Higher Grade Drives Alrosa Production Jump

Jul 25, 2017 4:14 AM   By Rapaport News
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 Alrosa’s rough-diamond production grew 14% year on year in the first half as mining grades increased, the company reported Monday.

Output rose to 19.3 million carats, with the average grade — the volume of diamonds contained within the ore — 19% higher at 1.19 carats per tonne.

Most of Alrosa’s major mining and processing divisions recorded higher carat production and a higher grade during the six months, Alrosa first vice president Igor Sobolev said Monday. The Aikhal division, accounting for more than a third of production, saw rough output jump 26% to 6.9 million carats, while the Udachny segment contributed 2.1 million carats, a 29% increase. Production from the Nyurba division rose 2% to 3.4 million carats and output from Lomonosov leapt 28% to 1.2 million carats. The Mirny division increased production by 13% to 4.4. million carats.

The production growth “helps provide consistent supply of rough diamonds to the sales divisions and meet demand for the company’s products,” Sobolev said.

Meanwhile, Alrosa’s rough-diamond sales declined about 6% to $1.13 billion in the second quarter, while polished sales stood at $22.7 million, according to Rapaport records. Sales volume rose 6% to 10.2 million carats. The average price of gem-quality rough diamonds stood at $138 per carat, an 18% drop from a year ago.

Image: Alrosa
Tags: Aikhal, Alrosa, Igor Sobolev, Lomonosov, mining grades, Mirny, Nyurba, Production, Rapaport News, Rough Diamonds, Rough Production, rough sales
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