Advanced Search

ALROSA Revises Sales Budget, Keeps Production Plan Unchanged

Nov 23, 2015 6:47 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... ALROSA, the world’s largest producer of rough diamonds in terms of carats, “revised” its sales budget to reflect changes in the diamond market and macroeconomic factors, it said in a statement after a supervisory meeting last week.

The Russian miner, which cited the inflation rate and currency exchange rates as reasons behind its move, kept this year’s production plan unchanged at 38 million carats, according to the statement 19 November.

ALROSA’s chief engineer Andrey Cherepnov was appointed as a member of the company’s executive committee, effective June 2015, the statement added.
Tags: Alrosa, appointments, mining, Rapaport News, Russia
Similar Articles
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.