Diamonds

Russian Govt to offer tax breaks to miners in the Arctic

Kommersant has become aware of the offer of business preferences for mining companies in the Arctic.

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In 2019, Alrosa’s net profit decreased by 9%

In 2019, the net profit of Alrosa amounted to 26.7 billion rubles against the background of a 27% decrease in the revenue.

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Alrosa sold diamond products for $405 million in January

Alrosa diamond mining company has reported results of sales of rough and polished diamonds in January 2020.

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Russian Govt looking to raise extra tax from coal miners

The government is looking for an opportunity to increase budget revenues at the expense of companies mining other minerals besides oil and gas.

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Alrosa has canceled March auction in Hong Kong

Alrosa has decided to move to other locations auctions for sale of rough diamonds of special sizes (more than 10.8 carats) and polished diamonds, which were to be held in Hong Kong in March, it fol

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Alrosa produced more than 38 million carats for the year and sold 33 million carats

In 2019, Alrosa produced more than 38 million carats, and their sales amounted to 33 million carats, head of the company Sergei Ivanov told the RIA Novosti on the sidelines of the World economic fo

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Fitch confirms ratings of Alrosa and Evraz, but deteriorates rating of UC Rusal

Fitch has confirmed Alrosa’s long-term issuer default rating at the level of BBB -. This was reported by the agency. The outlook for the rating is "stable".

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Alrosa reduced sale of diamonds, but is not going to reduce prices yet

Alrosa doesn’t intend to adjust product prices yet, despite decline in sales of rough and polished diamonds by the end of 2019.

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In November, Alrosa increased diamond sales by 5%

In November 2019, volume of Alrosa’s sales of diamond products in value terms amounted to $287.8 million, the company said in a statement.

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Alrosa previously estimates Nizhne-Botuobinskaya area’s resources

Geologists of Alrosa have previously estimated resources of the Nizhne-Botuobinskaya area at 17.9 million carats, the company reports.

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