The Russian Federation produced 35.140 million carats of rough diamonds in 2011, according to its Ministry of Finance. In 2010, Russia’s diamond output was 34.857 million carats, which means that its diamond production increased by 1%, Finmarket.ru reports.
The country’s largest diamond producer, ALROSA, had previously reported that the diamond mining group (including, besides ALROSA, its subsidiaries ALROSA-Nyurba, Almazy Anabara and Severalmaz) had recovered 34.438 million carats of diamonds last year. Thus, independent producers (of which Uralalmaz belonging to Lev Leviev’s Ruiz Group and Nizhnelenskoe controlled by Yakutia are the main ones) account for about 700,000 carats.
The country’s output in 2011 reached $ 2.675 billion in terms of value compared to $ 2.382 billion in the previous year (up 12.3%).
This estimate is based on prices offered by the price list of the Ministry of Finance, which are significantly below market. Gokhran, which sells diamonds less than 10.8 carats by this price list, applies a 36% mark-up to its prices. The price list of the Ministry of Finance is updated every year. In 2012, its prices appear to be higher compared with the last year, so the mark-up of 36% is now equivalent to 45% a year earlier, a Finance Ministry official said to Interfax.
ALROSA’s revenue reached $ 4.424 billion in 2011.
According to the Ministry of Finance, the Russian Federation produced 18.278 million carats of diamonds valued at $ 1.272 billion in the first half of 2011, whereas in the second half Russia produced a total of 16.862 million carats, estimated at $ 1.403 billion by the price list of the Ministry of Finance.
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