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Alrosa Diamond Profits Double
May. 17, 2012 02:24PM PST
Gem InvestingBloomberg reported OAO Alrosa said profit more than doubled last year after average prices for diamonds surged by 60 percent.
Bloomberg reported OAO Alrosa said profit more than doubled last year after average prices for diamonds surged by 60 percent.
As quoted in the market news:
Net income rose to 26.7 billion rubles ($860 million) from 11.8 billion, Mirny, Siberia-based Alrosa said in a statement on its website. Sales expanded 21 percent to 138 billion rubles.
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