News

Advanced Search

Alrosa Sales Exceed 41M Carats in 2017

Jan 28, 2018 9:38 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Alrosa sold more diamonds than it mined in 2017, even as production grew.

The Russian miner reported sales volume of 41.2 million carats for the year, up 3% from the amount it reported for 2016. Meanwhile, output rose 6% year on year to 39.6 million carats, the company said Friday.

Higher production at the Aikhal, Udachny and Nyurba divisions compensated for a 13% drop at Mirny, after Alrosa suspended operations at the Mir underground mine due to a flood in August.

Rough sales value fell 5% to $4.2 billion for the year, as the average price achieved for its rough slid 7% to $101 per carat, according to Rapaport calculations. Alrosa sold $96.9 million of polished diamonds.

Image: Alrosa
Tags: Alrosa, Mir, Mir mine, Mirny, Nyurba Division, Production, Rapaport News, Udachny
Similar Articles
StornowayStornoway Diamond Fears for Its Future
Aug 15, 2019
Stornoway Diamond Corporation has given a stern warning about its ability to remain in business, after failing
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.