Alrosa Does Not Expect Growth in Sales or Production this year or Next

(IDEX Online News) – Alrosa does not expect an increase in revenues from diamonds in 2013, forecasting sales of $4.5 billion worth of diamonds, similar to its guidance for 2012.

The Russian diamond monopoly said it expects stable demand and supply in the first quarter of 2013, with a moderate growth.

According to a company statement from this morning (Monday), Alrosa plans to produce 34.5 million carats in 2013, in line with expected production this year.

A little under a third of next year's production, about 10 million carats, will be produced from underground mines.

In 2011, Alrosa produced 34.6 million carats and sold $4.45 billion worth of rough diamonds. In October, Alrosa adjusted its 2012 sales forecast to $4.59 billion. It expects rough diamond production in 2012 to total 34.4 million carats