Far East | Materials, extraction

ALROSAs $3.3bn 2010 sales envisioned

10 Dec '09
Diamond producer ALROSA plans to produce $2.31bn worth of diamonds next year, the firm said today.

According to the companys preliminary estimates, by the end of this year ALROSA will have produced $2.24bn worth of diamonds. CEO Fyodor Andreev said earlier this year that ALROSAs overall 2009 sales would hit $2.75bn.

For 2010, the company reportedly has $3.3bn sales plans. According to the Yakutia company management, most diamonds will be sold in the open market; sales to the RF government will reportedly be lower than this year at $872m.

ALROSA is one of the worlds leading diamond companies with 25% of global production.
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