ALROSA announced its Q1 2017 production and preliminary trading performance. The company’s Q1 2017 diamond production totalled 8.9 million carats, up by 9 percent year-on-year In line with 2017 production plan of 39.2 million carats (+5% y-o-y increase). The growth in production is driven by ramping up diamond mining at Aikhal, Mir, International, Udachny underground mines and also by processing of higher grade ore from the Jubilee pipe.

Indicatively, in Q1 2017 ALROSA sold 14.1 million carats of diamonds, including 11.0 million carats of gem-quality diamonds at an average price of USD 117 per carat and 3.1 million carats of industrial diamonds at an average price of USD 7 per carat. In Q1 2017, revenue from rough diamond sales amounted to at least USD 1,309 million. Revenue from polished diamond sales totalled at least USD 32 million.