Production Results for 2013
During Q4 2013, ALROSA produced 9.9 million carats of diamonds, an increase of 10% compared to Q4 2012. ALROSA’s 2013 diamond production totaled 36.9 million carats, which is 7% higher compared to the previous year.
The production increase was primarily driven by improved ore grade at the Jubilee pipe, the acquisition of OJSC Nizhne-Lenskoye, and Aikhal underground mine reaching its target capacity.
The full version of ALROSA’s Q4 and FY 2013 operational overview is available on ALROSA’s website in the “Operational results” section.
Sales Results Update for 2013 and Outlook for 2014
During Q4 2013, ALROSA sold 10.8 million carats of diamonds, including 6.7 million carats of gem-quality diamonds with an average price of $192 per carat and 4.1 million carats of industrial diamonds with an average price of $7 per carat.
ALROSA’s 2013 diamond sales totaled 38.0 million carats of diamonds, including 26.7 million carats of gem-quality diamonds with an average price of $176 per carat and 11.3 million carats of industrial diamonds with an average price of $9 per carat.
The Company expects its 2013 revenue under IFRS (including non-diamond revenue) to increase by around 10% compared to the previous year and amount to no less than RUB165 billion.
In 2014, the Company expects its diamond production to be at the level of 36 million carats, diamond sales at the level of 38 million carats, including sales of inventories of around 2 million carats. The Company notes neutral dynamics of the diamond market during Q4 2013 and adheres to moderately optimistic forecast for 2014.