Sales in December 2020 totaled $521.6 million, including proceeds from rough diamond sales of $470.3 million, and polished diamond sales of $51.2 million.“ALROSA continues to maintain maximum flexibility in satisfying only confirmed demand for rough diamonds, especially from cutting and polishing sector,” said Evgeny Agureev, Deputy CEO of ALROSA.“We expect January sales to return to their average for this period, and figure on a stable demand and sales during the first quarter.”The world’s largest producer of rough diamonds said covid-hit demand started to recover in August.Last month, rival De Beers raised diamond prices for the first time since the outbreak of the global pandemic, signaling growing confidence in a rebound for the struggling industry.
Mining News Pro - In line with executing its winding down strategy, JSE-listed Rockwell Diamonds has entered into an acquisition and amalgamation agreement with a ...
Mining News Pro - Struggling Petra Diamonds said on Wednesday its investors have approved plans to restructure the business, a move that aims to provide the miner ...
Mining News Pro - Owing to the use of drone-mounted light detection and ranging (Lidar) equipment, diamond miner Petra Diamonds’ mine engineers have been able to ...
Mining News Pro - Canada’s Lucara Diamond said Botswana has renewed the company’s mining license for its Karowe mine for another 25 years, paving the way to move the ...
Mining News Pro - Lucapa Diamond Company has unearthed the first diamond over 100 carats from mining block 46 at the Lulo alluvial mine in Angola.
Mining News Pro - Lucapa Diamond Company has cut and polished a 46-carat pink coloured diamond that was recovered at the Lulo diamond project in Angola, Africa into ...
Mining News Pro - With the onset of the global Covid-19 pandemic, Diamcor Mining remained focused on reducing costs, operational planning for the resumption of ...
Mining News Pro - Diamond mining giant De Beers on Monday outlined plans to ethically source its diamonds and be carbon neutral by 2030 due to growing investor ...
Mining News Pro - Following a competitive tender process, Petra Diamonds has sold the Letlapa Tala Collection of five blue diamonds, weighing 85.6 ct in total, to a ...