ALROSA reported a production of 29.5 million carats for the first nine months of 2017, up 6 percent in a year-on-year comparison with 2016. Combined rough and polished diamond sales during this period earned the company $3.3 billion.
ALROSA said the increase was driven by higher production at its alluvial deposits, the Udachny underground mine and the Karpinskogo-1 pipe operated by Severalmaz.
“The company’s diamond production grew as a result of more active operations at alluvial deposits and strategic mining assets — the Udachny underground mine and Karpinskogo-1 pipe operated by Severalmaz. The company reaffirms its 2017 production plan for a total of 39.3 million carats,” said ALROSA First Vice President Igor Sobolev.
On its sales performance, ALROSA said indicatively, it had sold 7.5 million carats of rough diamonds in the third quarter of this year. This figure includes 4.9 million carats of gem-quality diamonds at an average price of $169 per carat and 2.6 million carats of industrial diamonds at an average price of $9 per carat.
Rough diamond sales amounted to $848 million in Q3. The company also sold $13.2 million in polished diamonds in Q3 and $68.1 million over the nine-month period.
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