{"id":7634,"date":"2018-05-07T17:29:00","date_gmt":"2018-05-07T11:59:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=7634"},"modified":"2021-04-07T17:31:31","modified_gmt":"2021-04-07T12:01:31","slug":"alrosas-q1-production-17-to-7-4-mn-ct","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/alrosas-q1-production-17-to-7-4-mn-ct\/","title":{"rendered":"Alrosa\u2019s Q1 Production -17% To 7.4 Mn Ct"},"content":{"rendered":"\n<p>Alrosa, the world\u2019s biggest diamond producer, reported a 17% decline in diamond production for the first quarter of 2018 to 7.4 million carats owing to production slowdowns caused by an accident last year and the processing of lower grade ore.<\/p>\n\n\n\n<p>\u201cThe key factors behind the decline were reduced production at the Mirny Division, which was caused by the shutdown of the Mir underground mine following the August 2017 accident, processing of lower grade ore from the Jubilee pipe and termination of processing of ore from the Udachny open-pit after open-pit mining there was completed,\u201d said Igor Sobolev, first deputy CEO \u2013 executive director of Alrosa.<\/p>\n\n\n\n<p>\u201cAt the same time, the company continues growing production at its key expansion projects: in Q1 2018, output at the Udachny underground mine and Severalmaz demonstrated an increase year-on-year. The production plan for fiscal year 2018 is 36.6 million carats,\u201d Sobolev added.<\/p>\n\n\n\n<p>Indicatively, in the first quarter of 2018, Alrosa sold 13.3 million carats of diamonds, including 10.1 million carats of gem-quality diamonds at an average price of $154 per carat, and 3.2 million carats of industrial diamonds at an average price of $8 per carat. Rough and polished diamond sales amounted to $1.582 billion and $23.7 million respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alrosa, the world\u2019s biggest diamond producer, reported a 17% decline in diamond production for the first quarter of 2018 to 7.4 million carats owing to production slowdowns caused by an accident last year and the processing of lower grade ore. \u201cThe key factors behind the decline were reduced production at the Mirny Division, which was&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7635,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,100],"tags":[],"thb-sponsors":[],"class_list":["post-7634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamonds","category-in-focus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alrosa\u2019s Q1 Production -17% To 7.4 Mn Ct - 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