ALROSA reported that its diamond sales rose to $4.45 billion in 2011, representing an increase of 28 percent from sales reported the previous year. The company stated it was a record year as both production and profitability rose.
ALROSA’s diamond production rose slightly to 34.6 million carats in 2011 from 34.3 million carats the previous year. Net profit more than doubled to $1 billion (RUB 29.52 billion).
The company added that it has established the ALROSA Group Innovation Centre Bourevestnik to carry out innovation projects, including the creation of new equipment models for mineral processing and study the structure and composition of matter.