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Russia’s Alrosa plans 5% increase in diamond production in 2015

January 29, 2015, 10:06 UTC+3
1 pages in this article
© ITAR-TASS/Valery Sharifulin

MOSCOW, January 29. /TASS. Russia’s diamond mining company Alrosa plans a 5% increase in diamond production to 38 million carats in 2015. Alrosa said it expects 3% revenue growth at end of 2014, to reach around $5.05 billion.

Alrosa decreased its diamond production by 2% in 2014 to still remain the global output leader, the company says. The production performance in 2014 surpassed the company plan by 210,000 karat, according to Alrosa.

Previously,South Africa's De Beers, another major global diamond producer with its 2014 diamond output of 32.6 million karat, a part of British-American mining company, submitted its report. Thus, Alrosa has remained the global diamonds production leader.

Alrosa group output totalled 10.56 million karat in the 4th quarter of 2014, which is 8% higher than the 3rd quarter rate. Increase in diamonds mining is accounted by the end of scheduled repair works on processing plants, added the company.

Prices of Alrosa group diamonds have risen by as much as 7% since the beginning of 2014, the company informed.

Alrosa is planning to mine about 38 million karat of diamonds and sale as much as 40 million karat including 2 million karat from its own stock in 2015.

The company is expecting a moderate rise in prices on the diamond market in 2015, accounted by positive macroeconomic dynamics in main diamond jewelry-consuming countries, Alrosa said.

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