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Russian diamond miner Alrosa saw diamond sales increase in 2014 but was stung by the sharp depreciation of the ruble. 
IIa Technologies said it has a commercially viable process for creating high-quality, Type IIa diamonds at the new 200,000-square-foot facility.  
After a year that saw mostly strong prices for both rough and polished diamonds at tender for the miner, Gem Diamonds’ revenue for the fiscal full year ended Dec. 31 hit $270.9 million.
 Despite production dropping 2 percent, the mining company saw a substantial increase in revenue in the first half of fiscal year 2015.
The company recorded net exports of $288 million in 2014, topping the list of the country’s polished diamond exporters for the fourth year in a row.
Sales and profits rose in 2014 for the diamond miner and marketer due to ‘solid demand’ in key markets, particularly in the United States.
The Gem & Jewellery Export Promotion Council held its annual India Gem & Jewellery Awards in late January, recognizing Indian jewelry companies for excellence.
Fyodor Andreev, who was president of Alrosa from 2009 until he left in September citing medical reasons, died Friday. He was 48.
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