Diamond miner Alrosa's output falls

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Published Oct 20, 2014

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Moscow - Russian state-controlled diamond miner Alrosa said on Monday its third-quarter production decreased by 2 percent, year-on-year, because of lower output at a mine in Russia's Far East.

Its third-quarter 2014 diamond production totalled 9.7 million carats, down from 9.9 million carats in the same period a year ago, the company said in a statement.

The company's rough diamond sales were up 8 percent for the first nine months of 2014 compared to the same period last year at 28.8 million carats or $3.7 billion (R41 billion). - Reuters

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