Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
Alrosa, the world’s largest diamond miner by output in carats, has held an auction to sell industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre in Primary (the Russian Far East). 22 companies from China, South Korea, India, Europe, Russia and other countries participated in the auction.
The Company sold 461 thousand carats worth USD 12.9 million, including 440 thousand carats of industrial grade diamonds for USD 4.924 million, and 21 thousand carats of gem quality diamonds for USD 7.98 million. Indian and Chinese companies were the main auction buyers.
Together with the post of the Russian Gokhran, vault, specialized carrier and bank, a specialized permanent excise customs post, launched in the Eurasian Diamond Centre at the trading session, ensures the full range of processes required for sales. Combining the functions of a trading platform, storage, logistics, registration and control in one complex located close to the airport allows speeding up the shipping of goods up to 2-3 days.
In 2017, the Company is planning to sell 2 million carats of all types of diamonds worth USD 73 million through its Far East branch. Auctions for special size 10.8+ and industrial grade rough diamonds will be held in the next 3 months.
ABOUT ALROSA
PJSC ALROSA, the world leader in diamond mining, is engaged in diamond exploration and mining in the Republic of Sakha (Yakutia), Arkhangelsk region and Africa. Following the results of 2015, ALROSA Group maintained its leading position in rough diamond mining at the level of 38.3 million carats, the Company’s market capitalization exceeded RUB 412 billion.
