Financial News
Alrosa’s Sales Up in December, Predicts “Stable Demand” in Q1 2021
In 2020, Alrosa raked in $2.802 billion in rough and polished sales
18.01.2021
Rio Tinto’s Production and Revenue Slid in 2019, Production for 2020 Lowered
For 2019, Rio Tinto recorded a net loss of $21 million
Rio Tinto, owner and operator of the Argyle mine in Australia and the Diavik mine in Canada, has published its production and revenue results for 2019. According to Rough & Polished, Rio Tinto’s production fell 8% year-on-year to 17 million carats in both mines, while its revenue fell 11% year-on-year to $619 million.
The fall in revenue is attributed to a weakening in rough diamonds. For 2019, Rio Tinto recorded a net loss of $21 million, compared with a profit of $118 million in 2018. Earnings before interest, tax, depreciation and amortization (EBITDA) fell 50% to $151 million.
As for 2020 production, the miner expects an output of 12-14 million carats – a lower production forecast that takes into account two things: The closing of the Argyle mine at the end of 2020 as well as “lower ore availability and grades from the underground portion of Diavik”.
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Alrosa’s Sales Keep Growing in November as Demand Remains “Strong”
Alrosa’s sales were up more than a third when compared to November 201914.12.2020 - Financial News
De Beers Sells $450 Million in 9th Cycle of the Year
De Beers expects “reasonable demand to continue throughout the holiday season”24.11.2020 - Financial News
Alrosa Sells $9.8 Million of Rough in Israel, Citing “Continuing Demand”
Alrosa: “Our results in November indicate the continuing demand for high quality goods”23.11.2020 - Financial News
Alrosa’s October Diamond Sales Up 17% to $310 Million
Alrosa: Demand for rough and polished diamonds continues its gradual recovery17.11.2020 - Financial News
De Beers Sales Up in Cycle 8, Signaling “Steady Improvement in Demand”
The miner raked in $467 million - a 36% increase year-over-year20.10.2020
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DE BEERS SELLS $520 OF ROUGH IN 4TH CYCLE
According to CEO Bruce Cleaver, demand for rough continues to be steady17.05.2017 - Financial News
FANCY PINK DIAMOND SHATTERS AUCTION RECORD AT BONHAMS
A fancy pink diamond weighing 5.03 carats raked in in $583,551 per carat30.09.2018 - Financial News
ALROSA’S NINE MONTHS PROFIT SLASHED BY ALMOST HALF
The slash in profits is due to an appreciation of the ruble and a decrease in diamond prices19.11.2017