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ALROSA revises pricing of “INDIAN GOODS”
Plans to raise annual output by 30 per cent to $2.73 billion
By: Diamond World News Service
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Oct 7 2006 12:00AM
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Reference: 633  

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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.

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