Alrosa News

Alrosa has set aside the mandatory buyout minimum requirements for its buyers

Key leaders from retail and diamond sectors to offer insight

Alrosa: “Balancing supply with demand is the most important tool to normalize cutters’ stocks level”

The biggest diamond miners are reportedly keeping prices at pre Covid-19 levels

The pieces will be sold to help Diamonds That Care, launched by Alrosa

Both companies remain committed to to their price-over-volume strategy

In response to coronavirus restrictions, Alrosa provided its clients with 3D-scans of the stones

From 34 million carats to 28-31 million carats - a 17% reduction

Alrosa iss offering its long-term customers over 800 rough diamonds from 5-10 carats batches

In April, the miner has remained “committed to its price over volume strategy”

Almost all mining and cutting has been suspended until the end of summer

The miner’s revenue from rough and polished diamond sales totaled $904 million

The tender will run through April 6 and replaces the company’s upcoming special size auctions

Alrosa’s mandatory amount of rough diamonds has been lowered to 40%

February sales of rough and polished diamonds reached $346 million - a 14% fall over January

Revenue for the year fell 21% to about $3.33 billion following a fall of 12% in sales

The miner will offer color diamonds over 5 carats as well as fancy yellow, pink and purple lots

Alrosa sold 123 rough diamonds with the total weight of 2,205 carats