ALROSA reports Q3 and 9M 2017 production and preliminary trading performance
ALROSA’s 9M 2017 diamond production totalled 29.5 million carats, up by 6% year-on-year driven by higher production at alluvial deposits, Udachny underground mine and Karpinskogo-1 pipe operated by Severalmaz.
“Company’s diamond production grew as a result of more active operations at alluvial deposits and strategic mining assets – 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 Igor Sobolev, First Vice President of ALROSA.
Preliminary sales performance
Indicatively, in Q3 2017 ALROSA Group sold 7.5 million carats of diamonds, including 4.9 million carats of gem-quality diamonds at an average price of USD 169 per carat and 2.6 million carats of industrial diamonds at an average price of USD 9 per carat. Rough diamond sales amounted to as much as USD 848 million in Q3 2017 and as much as USD 3.3 billion for 9M 2017. Polished diamond sales for these periods amounted to as much as USD 13.2 million and USD 68.1 million, respectively.
The full version of ALROSA’s Q3 and 9M 2017 operational overview is available at ALROSA’s website in the Operational results section (http://eng.alrosa.ru/documents/operational-results/).