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Revenue from rough stones rose 12% year on year to $949 million for the three months ending September 30, the Russian company said Monday While sales volume fell 11% to 6.7 million carats, the average price grew 26% to $142 per carat Production grew 2% to 105 million carats during the quarter as the miner increased ore processing at its Jubilee pipe, and raised output at the Udachny and Severalmaz divisions.
Production dropped 11% to 26.4 million carats due to the shutdown of the miner's Mir asset and the termination of open-pit mining at the Udachnaya pipe, Alrosa said Alrosa has offered some of its inventory for sale over the past year to offset the lower production As a result, its stockpiles have decreased 11% to 155 million carats as of September 30, compared with a year earlier.
Alrosa maintained its forecast of an 8% decline in production to 36.6 million carats this year, compared with 39.6 million carats last year. . Source