Alrosa does not expect significant fluctuations in the price of the diamond market in the second half of 2016, he said in a conference call, Vice-President and Chief Financial Officer Igor Kulichik company.
"In the second half of the year we do not expect big surprises in the diamond market. Our forecast remains conservative: we expect a flat price level, do not expect a surge in demand and downs "- Kulichik said.
He also noted that the supply of diamonds ALROSA's stock currently stands at 16 million carats, which he estimated at about $ 1.5 billion.
"We are planning to sell about 37-38 million carats (2016), perhaps this figure by year's end there will be more, "- said Kulichik, adding that the company expects in the second half to keep a stock of diamonds at the current level or even increase.
ALROSA - Russia's largest diamond producer, is mining in Yakutia and Arkhangelsk region, developing 11 kimberlite pipes and alluvial deposits 16. On results of 2015 the ALROSA Group produced 38.3 million carats of diamonds. In 2016, it is scheduled to receive about 37 million carats.
http://pearlsgift.blogspot.ca/
1 comment:
De Beers Group, which is 85 percent owned by Anglo American, earned $ 660 million during its third diamond sales cycle this year, compared with $ 617 million reported in the last month.
De Beers sales cycle consists of global sales and auction sales to sightholders.
Anglo American said in a statement that the continuing stability in the prices of diamonds and diamond sales at the wholesale level support "reasonably positive" impact on the demand for rough diamonds in the third row of the sales cycle.
"While in 2016 there is a much greater demand for rough diamonds compared to 2015 end, as the actions taken by the industry, continue to have a positive effect," - said in this regard, the executive director of De Beers Philippe Mellier (Philippe Mellier).
"Nevertheless, we are now moving into that part of the year, when demand for rough diamonds have always been historically lower in the result of the season, so we maintain our cautious view on the situation", - he said.
Bloomberg reported last week that De Beers increased rough prices by about 2 percent for the first time since 2014, which is seen as a sign that the industry is recovering from the biggest downturn since the 2008 global economic crisis.
The agency quoted unnamed sources that the price increases were carried out during the third diamond sales cycle.
Post a Comment