Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia leader in diamond production
9.03.2010 18:08
Russia  leader in diamond production

ALROSa, Russia's diamond monopoly, was named the world's largest diamond producer in 2009, reports Reuters.
      Last year the company mined 34.7 million carats compares to 24.6 million mined by De Beers, the previous leader of the industry.
      Besides, the amount of diamonds produced in Russia by value reached $2.34 billion in 2009.
      ALROSa ended 2008 with huge losses ($1 billion), and, to save business and support the industry the management of the company didn't sell the diamonds produced in 2009 at foreign markets, where the demand for them is low, but sold it to the Russian State Depositary for Precious Metals. The Russian government gave the company 35 billion rubles for these purposes.
      ALROSA Co. Ltd. is Russia's largest diamond company engaged in the exploration, mining, manufacture and sales of diamonds and one of the world's major rough diamond producers. ALROSA produces about 20% of the world's rough diamond output and accounts for almost 97% of all rough diamonds produced in Russia.
      According to tentative data, ALROSA Groups rough diamond production in 2007 totaled $2.36 billion USD, while its polished diamond sales totaled $146.7 million USD.
      Geological surveys indicate that the company has sufficient diamond reserves to maintain the current level of production for the next 50 years.
      In 2010 the company plans to cut 800 jobs.


Next Previous

You might also find interesting:

Blockchain Development Costs in Russia will be Halved
Russian Startups will be Able to Take Part in the Facebook Accelerator
Tochka Bank Launches Assistance Fund for Affected Entrepreneurs
Elementaree Delivery Service Raises $ 5 Million Investment
Wildberries Enters the European Market and Opens a Platform in Poland

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Rybinsk City Day  Republic of Bashkortostan  Mercedes-Benz Fashion Week Russia  Ski resorts  Russian business  Exhibitions in Astrakhan  flooding in Moscow  Pushkin Museum of Fine Arts  Russia-India  crime  Wooden Architecture  Exhibitions in Moscow  Vladivostok  Volgograd Oblast   City Hunter  Festivals in Moscow  Russian fashion  Russian Cinema  Pussy Riot  Patriotic War 1812  Russian musicians  Far East  Russian regions  Murmansk Region  Canada  Dmitri Hvorostovsky  Books  skiing in Russia  Luzhniki  Goznak  Lake Ladoga  alcohol in Russia   Maxhosa by Laduma  Crimes  Russian politicians  corruption in Russia  Science  Moscow  Alena Akhmadullina  St. Petersburg  Valery Gergiev  Mikhail Fridman  Film Festivals  Gas Emissions  Musicals in Moscow  Archeological Finds  September Electric  travel to Russia  Bolshoe Toko  Russian tourism 

Travel Blogs
Top Traveling Sites