Implementation of ALROSA will be 37 million carats (on production levels) by 2016, said President Andrew Zharkov company in an interview with TV channel "Russia 24".
A year earlier, 30 ALROSA sold million carats. Growth in sales caused by a deficit in midstream (manufacturing diamonds and jewelry) this year, which resulted in lower sales of diamond producers in 2015 due to a sharp drop in demand, said Alexander Zharkov.
Revenue growth is expected to reach 15%, and net income will be 2-3 times - "a multiple of the above" - the level in 2015, he said. ALROSA's consolidated revenue for the past year amounted to 224.5 billion rubles, net profit under IFRS - 32.2 billion rubles.
On the whole diamond prices in 2016 will fall by 2-3% compared to last year, said the president of ALROSA.
"Initially, the formation of the budget, we laid a decline of 5-6%. According to the results, I do not think there will be a rise in prices, but I think prices will fall by an average of 2-3%, "- he said.
ALROSA reserves at the end of the 1st half of the year amounted to 16 million carats. ALROSA targets for this year was not to increase reserves over the level of 2015, at the end of which he reached 22 million carats.
Reduction of flow due to the increase in sales volume, said Alexander Zharkov.
This year, ALROSA has lowered benchmark for the extraction of 39 million carats and 37 million carats in response to falling demand. In this case, Alrosa keeps goal for the coming years to reach a production volume of about 41 million carats, said head of the company.
Net cash flow allows you to direct on dividends 50% of net profit as a year earlier, said Zharkov.
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The newly elected president of the Israel Diamond Exchange (Israel Diamond Exchange, IDE) Yoram u'Dvash (Yoram Dvash) said that International Diamond Week is an important demonstration of the strength and flexibility of the Israeli diamond industry. This event has proven that it is an excellent platform for collaborative commerce dozens of countries and traders, he added.
"For the fourth year in a row we are holding this marketing event to IDE members and other exchanges, affiliated with the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ), would gather at the largest diamond trading floor twice a year and to conclude a successful transaction" - noted u'Dvash.
"I'm ready to work on the development of this" interbourse "model and more anywhere in the world, buyers and sellers of diamonds no longer find such a variety of range, will not be able to work more efficiently and get the best services at the site.", - he added.
The forthcoming International Diamond Week will take place in Israel from 14 to 18 February. At this event, a small diamond manufacturing companies that can not afford to travel outside of Israel for transactions can be viewed and selected raw materials available on the trading floor of the stock exchange, said u'Dvash.
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