ALROSA Announces Production Results for the Fourth Quarter and Full Year of 2014; Provides Production Guidance for the Year 2015
For the year 2014, diamond production totalled 36.21 million carats and exceeded the initial company's initial plan by 210,000 carats. The company sold 39.57 million carats of diamonds, including 27.74 million carats of gem-quality diamonds at an average price of $171 per carat, and 11.83 million carats of industrial diamonds at an average price of $12 per carat. Revenue from diamond sales in 2014 reached no less than $5.05 billion, including revenue from rough diamond sales - no less than $4.90 billion.
For the year 2015, the company plans its diamond production to be at the level of 38 million carats, diamond sales at the level of 40 million carats, including sales of inventories of around 2 million carats. The company expects moderate growth of the diamond market in 2015 driven by positive macroeconomic indicators dynamic in major diamond jewellery consuming countries.