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ALROSA reports Q1 production results

Production results for Q1 2014

During Q1 2014, ALROSA produced 7.9 million carats of diamonds, an increase of 6% compared to Q1 2013.

The production increase was primarily driven by improved ore grade at the Jubilee pipe, growth of diamond production at the Aikhal underground mine and the International underground mine, and by increase in volumes of ore processed at the Arkhangelskaya pipe.

The full version of ALROSA’s Q1 2014 operational overview is available on ALROSA’s website in the “Operational results” section.

 

Preliminary sales results for Q1 2014

According to preliminary data, revenue from rough diamond sales in Q1 2014 grew by 24% y-o-y and amounted to no less than $1.5 billion.

During Q1 2014, ALROSA sold 12.7 million carats of diamonds, including 9.5 million carats of gem-quality diamonds with an average price of $155 per carat and 3.2 million carats of industrial diamonds with an average price of $12 per carat.

The Company notes positive dynamics of the diamond market during Q1 2014 and a rough diamond price growth of around 4% since the beginning of the year.

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