Most popular
- The Great Imperial Crown – the masterpiece of the russian jewellery art presented in Moscow
- Alrosa Produces 7.5 Mln Carats in Q1, Sales Up to $1.22 Bln
- Jewellery retail has grown by 19 % in 2011
- Moscow Bourse Bringing Buyers to Diamond Week in Israel
- Russia: What the Buyer Economizes on and How He Puts on the Ritz
«Alrosa» has increased sales of diamond production to $3,6 bln
The company informs that the sales of diamond production of the group "Alrosa" for 9 months of 2011 have reached 3,6 bln dollars. For the accounting period 26 million 238,1 thousand carats of diamonds were mined by the company enterprises.
The net profit of "Alrosa" according to the Russian Accounting Standards for 9 months has made 23 bln 882,6 million roubles, «Diamonds of Anabar» — 2 bln 531,3 million roubles, "Severalmaz" — 20,3 million roubles, "Alrosa-Nurba" — 5 bln 612,7 million roubles. The net profit above the plan of "Alrosa" has made 1 bln 574,2 million roubles, of «Diamonds of Anabar» — 178,0 million roubles, of "Severalmaz" — 16,8 million roubles.
The balance of the effective credits and loans debt for September, 30th, 2011 have made 3,3 million dollars. The current and non-current liabilities ratio makes 30 % and 70 % accordingly.
According to the company, there was a stable demand for rough diamonds during the period from January till July. Since August the reduction of purchases of diamonds is observed at the world market in connection with decrease of the business activity in August-October, and also with instability of the world economy, falling of liquidity and reduction of a speculative component. Besides, the price reduction for brilliants has affected on the situation.
In 2010 "Alrosa" together with "Alrosa-Nurba" has mined 34,3 million carats of diamonds on 2 bln 180 million dollars. The turnover has made 3 bln 483,6 million dollars.
According to the experts of "Alrosa", the world mining of diamonds will reach the pre-crisis level in 2017, and the peak — in 2018. So, the world consumption of jewelry with brilliants will grow on 5,6 % a year and will reach 128 bln dollars by 2020. In this connection the demand for diamonds will grow on 10,4 % a year and will reach 40,8 bln dollars by 2020.
The net profit of "Alrosa" according to the Russian Accounting Standards for 9 months has made 23 bln 882,6 million roubles, «Diamonds of Anabar» — 2 bln 531,3 million roubles, "Severalmaz" — 20,3 million roubles, "Alrosa-Nurba" — 5 bln 612,7 million roubles. The net profit above the plan of "Alrosa" has made 1 bln 574,2 million roubles, of «Diamonds of Anabar» — 178,0 million roubles, of "Severalmaz" — 16,8 million roubles.
The balance of the effective credits and loans debt for September, 30th, 2011 have made 3,3 million dollars. The current and non-current liabilities ratio makes 30 % and 70 % accordingly.
According to the company, there was a stable demand for rough diamonds during the period from January till July. Since August the reduction of purchases of diamonds is observed at the world market in connection with decrease of the business activity in August-October, and also with instability of the world economy, falling of liquidity and reduction of a speculative component. Besides, the price reduction for brilliants has affected on the situation.
In 2010 "Alrosa" together with "Alrosa-Nurba" has mined 34,3 million carats of diamonds on 2 bln 180 million dollars. The turnover has made 3 bln 483,6 million dollars.
According to the experts of "Alrosa", the world mining of diamonds will reach the pre-crisis level in 2017, and the peak — in 2018. So, the world consumption of jewelry with brilliants will grow on 5,6 % a year and will reach 128 bln dollars by 2020. In this connection the demand for diamonds will grow on 10,4 % a year and will reach 40,8 bln dollars by 2020.