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There is a significant need for smart and technological financial solutions in the diamond industry

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The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

ALROSA held a meeting of its Executive Board

09 december 2009

ALROSA’s Executive Board held its meeting on December 9, 2009 in the Republic of Sakha (Yakutia), as Rough&Polished was informed by the company.
The meeting discussed preliminary results of the company’s performance in 2009.
The ALROSA Group’s output of rough diamonds reached $2244.1 mn. The Group sold $2187.2 mn worth of goods including $2127.2 mn worth of rough diamonds and $60 mn worth of polished diamonds. In 2009, ALROSA delivered $923.4 mn worth of rough to the Russian State Stockpile Agency, Gokhran, selling the rest on the market and resumed sales from the third quarter of this year.
In 2009, the total primecost of ALROSA’s major produce, work and services will amount to 37938.2 mn roubles. ALROSA is expected to gain 3182.6 mn roubles as its net profit.
The Board discussed the draft plan of the company’s business activities in 2010. The ALROSA Group plans to produce $2314.4 mn worth of rough diamonds. The company is targeted to sell $3302.3 mn worth of its major produce (rough and polished diamonds). The Gokhran Agency of the Russian Federation will be delivered $872.1 mn worth of rough diamonds, while the rest amount is to be sold on the market. The company plans to sell $124.9 mn worth of polished diamonds. The major part of the company’s produce, not less than 70% of the total, will be sold to chief participants of the diamond market on a long-term contract basis.
In 2010, ALROSA will re-finance its short-term debts by way of long-term rouble and forex bonds. The expected liabilities related to credits and loans will reach $3284.5 mn by January 1, 2011.