ALROSA Reports Sales of 8.3 Million Carats in Q3

Alrosa (MCX:ALRS) reported Q3 and 9M 2016 production and preliminary trading performance, highlighting total sales of 8.3 million carats in Q3 and a revenue of at least USD 3.5 billion in 9M 2016
As quoted in the press release:

ALROSA’s 9M 2016 diamond production totalled 27.9 million carats, down 6% y-o-y, driven by the following factors:

• decrease in gravels processing from Nyurba Division’s alluvial placers due to adjustment of 2016 production plan,
• decrease in ore production at Aikhal underground mine due to processing of additional volumes from Komsomolskaya pipe at the Processing Plant No. 8 – following completion of expansion works at the open pit.
• due to the termination of open-pit mining at Udachnaya pipe.

Preliminary sales performance
Indicatively, in Q3 2016 ALROSA sold 8.3 million carats of diamonds, including 5.8 million carats of gem-quality diamonds at an average price of USD 165 per carat and 2.5 million carats of industrial diamonds at an average price of USD 7 per carat. Revenue from rough diamond sales amounted to at least USD 976 million in Q3 2016 and at least USD 3.5 billion in 9M 2016.

Click here for the full press release.