ALROSA sells 8.3 million carats of diamonds in Q3

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 ALROSA sells 8.3 million carats of diamonds in Q3ALROSA announced its production and preliminary trading performance for the third quarter of 2016. The company sold 8.3 million carats of diamonds, including 5.8 million carats of gem-quality diamonds at an average price of USD 165 per carat and 2.5 million carats of industrial diamonds at an average price of USD 7 per carat. Revenue from rough diamond sales amounted to at least USD 976 million in Q3 2016.

During the first none months of 2016, ALROSA’s diamond production dropped 6 percent on y-o-y basis to 27.9 million carats. The drop was attributed to decrease in gravels processing from Nyurba Division’s alluvial placers due to adjustment of 2016 production plan, decrease in ore production at Aikhal underground mine and the termination of open-pit mining at Udachnaya pipe. Revenue from rough diamond sales amounted to at least USD 3.5 billion in 9M 2016.



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