ALROSA Posts 6% Rise On Year In Q1-3 Production
October 23, 17
(IDEX Online) – ALROSA reported a 6% year-on-year rise in diamond production totaling 29.5 million carats for the first nine months of this year, driven by higher production at alluvial deposits and the Udachny underground mine and Karpinskogo-1 pipe operated by Severalmaz.
"The company's diamond production grew as a result of more active operations at alluvial deposits and strategic mining assets – the Udachny underground mine and Karpinskogo-1 pipe operated by Severalmaz. The company reaffirms its 2017 production plan for a total of 39.3 million carats," - said Igor Sobolev, First Vice President of ALROSA.
In the third quarter, the ALROSA Group sold 7.5 million carats of diamonds, including 4.9 million carats of gem-quality diamonds at an average price of $169 per carat and 2.6 million carats of industrial diamonds at an average price of $9 per carat.
Rough diamond sales amounted to $848 million, and $3.3 billion for the first nine months of this year. Polished diamond sales for these periods amounted to $13.2 million and $68.1 million, respectively.