|Russian mining company Alrosa reports that for the first half of 2017 (H1 2017), the company's diamond production reached 19.3 million carats - 14 percent higher than H1 2016. This growth is attributed to improved diamond grade, which the company says was on average around 19 percent better than the previous year.
Commenting on the production results, Alrosa First Vice President Igor Sobolev says, "Most of the Company's major mining and processing divisions demonstrated an upward trend in the production results-both in terms of production output and in terms of diamond grade. For the first six months of this year, Aikhal Mining and Processing Division, accounting for more than a third of the whole diamond output by ALROSA Group, extracted 6.9 million carats of rough diamonds, 26% higher year-on-year."
Continues Sobolev: "Mirny Mining and Processing Division increased production by 13% up to 4.4 million carats, Udachny - by 29% up to 2.1 million carats, Nyurba - by 2% up to 3.4 million carats, Lomonosov - by 28% up to 1.2 million carats. It helps provide consistent supply of rough diamonds to the sales divisions and meet the demand for the Company's products."
Provisional sales resultsAlrosa reports that preliminary sales results for the second quarter of 2017 (Q2 2017) indicate rough diamond sales of 10.2 million carats, including around 8.05 million carats of gem-quality rough diamonds at the average price of US$138.4 per carat, and 2.15 million carats of industrial-grade rough diamonds at the average price of USD 8.5 per carat. áIn value terms, preliminary results indicate rough diamond sales for the quarter reached US$1.13 billion, while polished diamond sales for this period amounted to US$22.7 million.