Wednesday, May 18, 2016

ALROSA assesses amount of diamond

ALROSA assesses the amount of diamond in stock at the level of 16 million carats

"ALROSA (MCX: ALRS)" assesses the amount of diamonds in stock at 16 million carats, he said during a conference call, Vice President - Chief Financial Officer Igor Kulichik company.

"Inventories at the end of the 1st half of the year amounted to 16 million carats in accounting prices is approximately $ 1.5 billion"- said CFO "ALROSA".

"In the 2nd half of the year we do not expect any surprises from the diamond market. We conservatively assume that the level of prices on the market is on a flat level, and do not expect a surge in demand or a fall. We expect that the market will be calm and steady, fluctuations are strong enough have occurred in the I quarter"- said I.Kulichik.

CFO diamond company said that in the 2 nd half of this year the volume of unsold inventory is expected to be in January-June.

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