Lucara Diamond reported that its revenue in the first half of this year rose to $ 191.4 million, or $ 1233 per carat compared with $ 67.8 million, or $ 340 per carat a year earlier.
Revenue growth as noted in the company, was due to the sale of 813-carat diamond "Constellation" (Constellation) for $ 63.1 million. The average price per carat of the stones was $ 77 649. In addition, the tender exceptional diamonds was held, which brought the company $ 51 3 million, or $ 33,632 per carat.
In the second quarter Lucara received proceeds of $ 140.8 million, realizing diamonds at $ 1824 per carat. After the end of the second quarter the company managed to obtain $ 8.3 million.
"The serial production and sale of high quality stones Lucara demonstrates the generation of high volumes of cash from the mine cars (Karowe), which allowed the company to achieve a significant cash balance at the end of June", - said the executive Director Lucara Uilyam Lemb (William Lamb).
The net cash position at the end of June amounted to $ 210.8 million.
Lucara also announced the payment of a special dividend of 0.45 Canadian dollars per share in addition to a quarterly dividend of 0,015 Canadian dollars, and the total amount paid on September 15, 2016 should make 177.5 million Canadian dollars.
"We remain focused on advancing our growth opportunities, continuing our dividend policy to shareholders while enhancing the value of the company", - says Lamb.
However, in Lucara reported that extraction diamond mine in Botswana cars will remain high, and in the first half 340 of stones special sizes were produced for the shaft (10.8 carats) and 12 stones weighing over 100 carats.
The company maintained a forecast on the volume of processing rock at the mine in the 2.2 - 2.4 million tons per year. This will allow in 2016 to receive more than 350 000 carats of diamonds.
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The opening of the Diamond Center in Vladivostok may allow an increase in direct sales of raw ALROSA in Asia-Pacific countries is 2-3 times, told the president of the company Andrey Zharkov.
According to him, the direct sales of ALROSA in Asia-Pacific countries are low and do not exceed 5-6% of total sales.
"Problems need to set ambitious - at least double or triple", - said the president of ALROSA, answering a question about how to create a diamond center may affect the sales of the company's products in the Asia-Pacific countries.
Zharkov recalled that the company creates Vladivostok infrastructure platform which will allow for the realization of rough and polished diamonds. Also, he said, perhaps the Chinese partners will be interesting to use this platform for the organization of processing and production of jewelry, which can be pursued in the Russian market.
ALROSA - the world's largest company in terms of diamond production, is engaged in the exploration, extraction, production and sale of diamonds. Production is carried out on the territory of the Republic of Sakha (Yakutia) and the Arkhangelsk region.
The largest shareholders are the Russian Federation (44%), the Republic of Sakha (Yakutia) - 25%, ulus of Yakutia - 8%. The free float is 23% of the company.
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