Alrosa on the trading session in September raised diamond prices by an average of 1.5% for all customers, responding to the growing demand for individual items, reported "Interfax" the representatives of the two banks of the diamond monopoly.
For the domestic market prices increased by about 8%, said one of the interlocutors of the agency. Another said that, he felt, "ALROSA diamond price growth in September was not less than 7-7.5%."
Such a sharp increase in September, which traditionally is a period of silence in the market, caused abolition occurred 6.5% export duties for rough explained sides "Interfax". Vosmiprotsentny growth - a 6.5% export duty plus the total increase of 1.5%, one of them said. Duties, which ALROSA included in the price for overseas buyers, until recently put the internal market in privileged conditions. Now the conditions for all customers became equal.
Namely the abolition of duties is due to atypically high results and ALROSA sales in August, according to the company's customers. On Thursday, the company reported a growth in sales in August by 58% in annual terms (sales of $ 243 million). "Everyone knew that home prices will be raised, and in August was the last opportunity to buy at old prices, so many companies internal market stocked goods", - said one of the interlocutors "Interfax".
ALROSA has not commented on this information. A company representative said that the level of sales to the end of the year will remain at traditional levels, and ALROSA does not expect recession, despite the abolition of export duty.
https://pearlgiftjewelry.blogspot.ca/
1 comment:
Lucapa Diamond Company announced the discovery of a diamond weighing 68.1 carats type IIa and color D during the trial mining on E46, a new site field Lulo (Lulo).
In addition, Lucapa found seven diamonds of special sizes (larger than 10.8 carats) under trial production.
"The discovery of these large diamonds of special sizes with area E46 is very important, given the fact that the largest single diamond, discovered in this area in the framework of the sampling in 2013, weighed only 6.9 carat", - noted in Lucapa.
CEO of Lucapa Vezeroll Stephen (Stephen Wetherall) noted that the potential of alluvial quarries E46 became clear after the initial bulk sampling and publication of the diamond resource estimates in accordance with the JORC Code in December 2015.
"Our primary task - to start drilling on high objects identified during systematically realized contact programs geophysical research on the subject L-259 and surrounding areas, the purpose is to detect the primary source - or sources - exceptional alluvial diamonds produced at blocks 6 and 8" , - he said.
Post a Comment