Joint-stock company ALROSA, the largest in the world in terms of diamond mining, according to the results of sales of rough and polished diamonds in January this year.
The Group's Alrosa diamonds in January 2017 amounted to 358.2 million US dollars. Diamonds for the period were sold to 7.28 million US dollars.
Total sales the diamond production amounted to 365.4 million dollars in January 2017 the US, 60% higher than the same period last year.
"The first month of the year in line with our expectations sufficiently demonstrated strong demand for diamonds in almost all market segments. Obviously, the diamond cutting sector in India to cope with problems caused by the currency reform in the country, somewhat faster expectations. At the moment, we are inclined to maintain cautious optimism with regard to activity in small-sized, low-price segment most raw materials ", - says Yuri Okoemov, vice-president of" ALROSA ".
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Petra Diamonds said that the company's diamond production in the first quarter of 2016 increased by 1% to 842,796 carats against 833,744 carats in the same period a year earlier.
The company's statement, directed by Rough & Polished, says that a slight increase in production was mainly due to increased production at the Finsch and Koffiefontein mines, which outweighed the decline in production at the Cullinan and Williamson mines.
Finsch's production in the first quarter increased 14% to 590,799 carats compared to 517,998 carats a year earlier.
Production at Cullinan fell 31% to 145,385 carats in the first quarter of 2016 fiscal year from 209,632 carats last year.
At Coffifontein, diamond production increased by 35% to 14,350 carats during the reporting period, from 10,618 carats a year earlier.
Mining at the Kimberley Underground underground mine increased 36%, to 49,107 carats against 36,036 carats a year earlier due to an increase in diamond content in the rock to 18.4 carats per hundred tonnes of ore, and due to the tailings processing that was being used Free capacities of the processing enterprise.
Meanwhile, Petra noted that mining at the Williamson Tanzania mine fell 20% to 43,155 carats against 53,880 carats last year due to a planned suspension of production for the installation and commissioning of a crusher at a refinery.
"We are glad, That we managed to start this year with a record high level of diamond mining by our group of companies, thanks to which we hope that production in the first half of 2016 fiscal year will meet the target level of 1.5 million carats, "said Petra CEO Pete Johan Dippenaar, . - Petra will continue to focus on maintaining a good balance, tight cost control, and successfully implementing our expansion plans.
Due to this, the company will be able to start production in zones with higher quality diamonds from the second half of 2016 fiscal year. " The first diamond tender for Petra 2016 fiscal year was held in October and brought the company $ 68.9 million. Meanwhile, diamond prices for the company fell by 0.8 % In dollar terms compared to the fourth quarter of fiscal year
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