Alrosa

Alrosa and AWDC renew cooperation agreement

Alrosa has announced a renewal of its cooperation agreement with the Antwerp World Diamond Centre (AWDC), the official representative of the Antwerp diamond industry. The objective of the agreement is to improve the scope and efficiency of the ties between Alrosa and AWDC, and to commit to supporting the diamond…

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Alrosa sees Q3 profits reach £319m

Alrosa has reported pre-tax profits of RUB31.2bn (£31.6m) from RUB9.5bn (£96.3m) for the three-month period ending 30 September 2021.  Sales in Q3 hit their highest level since 2010 for the third quarter period, which Alrosa said is traditionally considered to be the “weakest” period of the year. The price index…

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Alrosa sees Q2 profits reach £3.1bn amid ‘stronger’ sales

Alrosa has reported that net profit for Q2 climbed 26% QOQ to RUB 30.2bn (£3.1bn) from RUB 24bn (£2.4bn) the previous year as the group experienced a stronger return on sales. Revenue for the period also increased by 3% QOQ to RUB 94bn (£9.5bn) and was primarily driven by a…

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Alrosa commits £155m to ESG initiatives in 2020

Alrosa, the global diamond company, has revealed its social and environmental investments totalled $216m (£155m) in 2020. The investment represents approximately 8% of the group’s total revenue for the year, and consisted mainly of social commitments. Some $141m (£101m) was contributed towards pension funds under non-state insurance programmes for employees,…

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Alrosa releases inaugural impact report for 2010s

Alrosa, a global diamond mining company, has released its inaugural impact report, covering the period 2010 to 2020. The report focuses on Alrosa’s Yakutia, Russia region, which is home to 90% of the group’s operations. According to Alrosa, the firm contributed approximately $22bn (£15.9bn) to the region’s local economy over…

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RJC reveals board member election results

The Responsible Jewellery Council (RJC) has named a raft of new appointments to its board and committees at the organisation’s recent annual general meeting (AGM). Each elected director has been appointed to represent a respective forum in the jewellery and watch supply chain. David Bouffard, of Signet Jewelers, and Peter…

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Alrosa revenue doubles in Q4

Alrosa has announced that revenue in its fourth quarter doubled to RUB 98.6bn (£512m), a 53% rise against the prior year, on the back of “strong” demand recovery towards the year-end.  For its full-year of trading, revenue was down only 7% RUB 221.5bn (£2.1bn).  Net profit also increased in the…

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Alrosa diamond sales total £310m in January

Alrosa has announced that the sales of rough and polished diamonds totalled $430m (£310m) in January, in its latest set of preliminary results.  Its latest results included proceeds from rough diamond sales of $421m (£304m), and polished diamond sales of $9m (£6.5m). Evgeny Agureev, deputy CEO of Alrosa, said: “January…

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Alrosa posts strong recovery due to holiday sales

Alrosa has reported a sharp increase in sales in the fourth quarter of 2020 due to strong demand during the holiday season. The company announced that revenue from rough diamonds has increased by 29% year-on-year to $1.14bn (£834bn) as a release of pent-up demand allowed the Russian miner to sell…

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Alrosa to maintain zero buyout obligations

Alrosa has announced it will maintain its zero buyout obligation on goods allocation for the seventh consequent month. Seeing the diamond industry’s long-term health and stability as a priority, the company said it will keep fully flexible trading conditions for its long-term clients during the first trading session of 2021.…

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