Alrosa News

The move augments Alrosa’s rough diamond auctions with detailed information on rough

Year-over-year, revenue dropped 35% while sales dropped 5%

The miner sold 112 large rough diamonds with a total weight of 1,740 carats

The 232.4-carat octahedron has a yellowish hue and several chips

Production grew 15% year-on-year to 12.1 million carats in Q3

The miner’s diamond sales in January-September 2019 totaled $2.422 billion

The “Matryoshka” diamond is “the first such diamond in the history of global diamond mining”

The deal is worth about $29 million

Alrosa is in talks with several global jewellery retailers about using fluorescent diamonds

Alrosa hopes that supply-demand balance will not "take too long" to restore

Alrosa's CEO: "Demand for diamonds may grow seasonally in the fourth quarter"

The company also recorded a net profit of $564 million for the period

Net profit totaled $200.4 million - 47% less than Alrosa’s profit during Q2 2018

Alrosa sold 99 large gem-quality diamonds weighing 1,532 carats

The rare gem could fetch between $60 million to $65 million when offered

In July, sales of rough and polished diamonds were almost halved to $170.5 million

Alrosa's diamond sales decreased 32% to $1.784 billion in the first six months of 2019

Alrosa has reported that its June sales of rough and polished diamonds totaled $222.4 million