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Certified Polished Diamond Prices Stable in April
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PRESS RELEASE, May 6, 2013, New York: Certified polished diamond prices were stable in April as trading slowed during the Passover and Easter holidays. The Basel show and New York auctions demonstrated strong...
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Polished Markets
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May 07, 2013
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Rapaport
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ALROSA's Profit +26% in 2012
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ALROSA reported that its profit rose 26 percent year on year to $1.08 billion (RUB 33.6 billion) in 2012 as it increased the volume of sales, while rough diamond prices declined. The Russia-based mining company noted...
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Mining
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Apr 28, 2013
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Avi Krawitz
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Increased Diamond Production
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Diamond mining companies are slowly raising their production levels even as many of the major mines continue to face operational challenges. Theoretically, the trend should ease cutters’ concerns about prevailing high rough prices...
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Rough Markets
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Apr 26, 2013
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Avi Krawitz
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ALROSA's Exec. Committee Recommends Dividend Increase
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ALROSA’s executive committee approved the company's annual report in which rough production was flat year on year at 34.4 million carats and aggregate diamond sales in 2012 rose 3.6 percent to $4.61 billion. The committee...
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Financial-Legal
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Apr 22, 2013
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Jeff Miller
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ALROSA Approves Exploration Ventures for Angola, Botswana
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ALROSA's executive committee approved the establishment of new joint ventures for exploring rough deposits in Africa. In one particular case, the committee ordered the preparation of an agreement with ENDIAMA by June to establish a joint venture to explore...
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Mining
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Apr 22, 2013
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Jeff Miller
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Gold and Diamond Risk
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The recent slump in gold prices has not impacted the diamond market. Having enjoyed a stable and positive first quarter, diamond trading was steady this week while gold markets were in panic. However,...
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Polished Markets
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Apr 19, 2013
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Avi Krawitz
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ALROSA, SDE Plan Diamond Auctions in China
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ALROSA is raising its presence in China with plans to supply more rough and polished diamonds to suppliers in the country. Fyodor Andreev, ALROSA's president, signed a letter of intent with Lin Qiang, the president of the Shanghai...
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Rough Markets
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Apr 15, 2013
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Deena Taylor
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ALROSA's Aikhal Underground Mine Reaches Design Capacity
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ALROSA’s Aikhal underground mine has reached its design capacity of 500 thousand tonnes of ore per year, the company reported. Aikhal is expected to produce 2.5 million carats of rough diamonds per year at full capacity.The...
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Mining
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Apr 08, 2013
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Deena Taylor
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Polished Prices Hold Steady in March
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While trading slowed in the U.S. and Israel during the Passover holiday, demand in India remained selective with the best activity in the 0.30ct. to 0.69ct. range. Polished prices during March held steady, according...
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Retail
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Apr 03, 2013
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Rapaport News
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ALROSA Pursues Angola Exploration Projects
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ALROSA and Angola’s state diamond mining company, ENDIAMA, are examining possible joint venture projects. Fyodor Andreev, ALROSA’s president, visited Angola this week to meet with President José Eduardo dos Santos, along...
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Mining
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Apr 02, 2013
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Avi Krawitz
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ALROSA Sells 51% Stake in Iron Project
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ALROSA sold its controlling stake in the iron ore project OJSC Timir to EVRAZ for $160 million (RUB 4.95 billion), the company reported.Under the agreement, EVRAZ will hold a 51 percent stake in Timir, while...
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Mining
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Apr 02, 2013
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Deena Taylor
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ALROSA's Diamond Reserves Increase by 36M Carats in 2012
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ALROSA’s reserves in 2012 grew approximately 35.8 million carats due to the exploration of Ebelyakh and Gusiny placers, according to the mining giant's executive committee review today. ALROSA started exploration of the Dalnyaya pipe this...
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Rough Markets
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Mar 22, 2013
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Jeff Miller
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Kristall, ALROSA Sign New Two-Year Supply Contract
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Kristall Production Corporation and ALROSA signed a two-year agreement for rough diamond supplies on March 18 in Moscow that maintained the existing volume of monthly purchases. Kristall has been cooperating with ALROSA on its rough supplies...
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Rough Markets
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Mar 20, 2013
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Jeff Miller
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ALROSA Recovers 145-Ct. Diamond
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ALROSA recovered a diamond weighing 145.44 carats, which may be valued at $1 million if it is placed on auction, according to experts from its diamond-sorting center.The world's largest diamond producer by volume stated that the diamond was recovered in late...
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Rough Markets
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Feb 12, 2013
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Dilipp S Nag
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ALROSA Starts Stripping Operation at Botuobinskaya
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ALROSA has started a stripping operation at its Botuobinskaya diamond pipe, the first phase in developing the deposit in preparation for mining minerals. The stripping operations will last for three years with commercial diamond...
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Mining
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Dec 24, 2012
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Dilipp S Nag
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ALROSA Buys 51% Stake in Nizhne-Lenskoye for $119M
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ALROSA acquired a 51 percent stake in alluvial diamond miner Nizhne-Lenskoye for $119 million (RUB 3.67 billion) with the intention to build its mineral reserves."The acquisition of Nizhne-Lenskoye will provide additional production of two million carats...
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Mining
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Dec 23, 2012
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Deena Taylor
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ALROSA: The Lesser-Known Diamond Giant
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ALROSA, the lesser known of the two diamond mining giants, is emerging from its own shadows and may exert greater influence on the industry in 2013. While it still has a ways to go, it has become...
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Rough Markets
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Dec 21, 2012
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Avi Krawitz
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Rosy Blue Renews ALROSA Rough Supply Contract
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Rosy Blue signed a new long-term rough diamond supply deal on Wednesday with Russia-based miner ALROSA, to supplement its supply from De Beers and BHP Billiton, among others.“We are delighted to enter into the extension...
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Rough Markets
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Dec 19, 2012
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Dilipp S Nag
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ALROSA's Profit -38% in 1H 2012
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ALROSA reported that profit declined 38 percent year on year to $522 million (RUB 16.19 billion) in the first half of 2012 due to foreign-exchange losses from revaluation of dollar-denominated debt. Revenue, however, rose by 16 percent to $2.47 billion...
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Rough Markets
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Oct 04, 2012
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Dilipp S Nag
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ALROSA Sales Rise But Lowers Guidance for 2012
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ALROSA's interim management report for the first half of 2012 recorded rough diamond sales of $2.4 billion, up from about $2.16 billion one year ago. However, the company's executive committee stated today that...
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Rough Markets
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Sep 14, 2012
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Jeff Miller
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