Alrosa announces production and preliminary trading performance for Q2

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 Alrosa announces production and preliminary trading performance for Q2ALROSA announced its production and preliminary trading performance in the period Q2 and H1 2016. The company’s diamond production in the first half of the years totaled 16.9 million carats, after a 6 percent fall on y-o-y basis. The company noted this was due to increase in ore processing at Mir underground mine and decrease in ore processing at International underground mine. Also a partial replacement of ore processed from Udachny pipe with ore processed from Zarnitsa pipe due to the termination of open-pit mining at Udachny pipe, and decrease in gravels processing at alluvial deposits due to adjustment of production plan for 2016 from 39 million carats to 37 million carats.

In Q2 2016 the company achieved selling 9.6 million carats of diamonds, including 7.1 million carats of gem-quality diamonds at an average price of USD 169 per carat and 2.5 million carats of industrial diamonds. The average price was of USD 8 per carat. Revenue from rough diamond sales amounted to around USD 1.2 billion in Q2 2016 and USD 2.5 billion in H1 2016.



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