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The revenue of ALROSA in the first quarter of the year increased by 24 percent and amounted to $ 1,5mlrd.
The ALROSA Group summed up the results of production and sales activities of the first quarter of the year.
According to the company's press release, diamond production for the reporting period amounted to 7,9 million carats, which is 6% higher than in the first quarter of 2013. The increase in diamond production was reportedly driven by an increase in diamond grades at the Yubileinaya pipe, an increase in performance at the Aikhal and Internatsionalny underground mines, and an increase in ore processing from the Arkhangelskaya pipe.
Diamond sales in the first quarter of 2014 amounted to 12,7 million carats, of which 9,5 million carats are gem-quality diamonds at an average price of $ 155 carats and 3,2 million carats are technical quality diamonds at an average price of $ 12 per carat. According to preliminary data, sales revenue increased by 24% y-o-y and amounted to at least $ 1,5 billion. The company notes the positive dynamics of the diamond market in the first quarter of 2014 and the growth of prices in the diamond market at the level of 4% by the beginning of the year.