ALROSA revises pricing of �INDIAN GOODS�

ACCORDING to reports, diamond markets have been demonstrating a variety of price trends for several recent months: while prices for large diamonds of more than 1 carat and for small ones (less than 0.1 carat) increased, with medium-sized gems prices remaining weak, the company said.

Taking into account current conditions in the �Indian goods� segment of the rough diamond market, the market committee decided to revise pricing policy for some categories of �Indian goods� effective September 1, 2006.

Alrosa said that during the first nine months of 2006 it sold rough diamonds worth $1.96 billion. This year, the company is looking to raise it annual output by 30 per cent to $2.73 billion, from $2.09 billion a year ago.