Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Alrosa’s 2014 forecast is ‘moderately optimistic’
Russian mining company Alrosa experienced an increase in both sales and production in 2013 and said it is “moderately optimistic” about the year ahead.
Moscow--Russian mining company Alrosa experienced an increase in both sales and production in 2013 and said it is “moderately optimistic” about the year ahead.
In the fourth quarter 2013, Alrosa produced 9.9 million carats of diamonds, a 10 percent increase year-over-year. Improved ore grade at the Jubilee pipe, the acquisition of OJSC Nizhne-Lenskoye, and Aikhal underground mining reaching its capacity contributed to the increase.
For the full year, production increased 7 percent to 36.9 million carats.
Fourth quarter sales for the Moscow-based diamond miner and manufacturer, which has operations in Russia and Angola, reached 10.8 million carats.
Of those, 62 percent (6.7 million carats) were gem quality, selling for an average price of $192 per carat. The remaining 4.1 million carats were industrial diamonds, with an average price of $7 per carat.
For the full year, Alrosa sold a total of 38.0 million carats, 70 percent of which were gem-quality diamonds (26.7 million carats) with an average price of $176 per carat. The remaining 11.3 million were industrial quality, selling for an average of $9 per carat.
The company said it expects its 2013 revenue, including non-diamond revenue, to increase 10 percent year-over-year, reaching at least 165 billion rubles ($4.73 billion).
In 2014, diamond production is expected to remain relatively flat at 36 million carats. The company said the dynamics of the diamond market in the fourth quarter were neutral, and that it is moderately optimistic about the year ahead.
The world’s other major diamond company, De Beers, also reported an increase in fourth quarter and full-year production in 2013, with the number of carats mined rising 13 percent and 12 percent, respectively.
De Beers is the No. 1 diamond miner in value terms while Alrosa is tops in volume terms, though the Russian miner has said in recent years that it plans to overtake De Beers by 2018.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.