The Supervisory Board at Alrosa approved an updated budget for the year 2015, for the company. In this, the budget was revised in line with the changes in the diamond market and macroeconomic factors, including inflation and currency exchange rates. The sales budget was revised to reflect the level of the global diamond market activity.

Alrosa’s production target for the year remains constant at 38 million carats. Andrey Cherepnov, Alrosa’s Chief Engineer from June 2015 has been appointed as a member of the Executive Committee.

The Supervisory Board also approved a number of documents, including the Regulations on the quality management system, Regulations on the Innovations Development and Technological Upgrade Programme set-up and implementation, and Regulations on the investment and operating efficiency improvement and cost reduction.