{"id":1178647,"date":"2020-04-16T14:01:48","date_gmt":"2020-04-16T19:01:48","guid":{"rendered":"https:\/\/www.mining.com\/?p=1020656"},"modified":"2020-04-16T14:01:48","modified_gmt":"2020-04-16T19:01:48","slug":"alrosa-reports-9-production-drop-in-q1","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1178647","title":{"rendered":"Alrosa reports 9% production drop in Q1"},"content":{"rendered":"<p>Russian diamond miner Alrosa <a rel=\"noreferrer noopener\" aria-label=\"reported (opens in a new tab)\" href=\"http:\/\/www.alrosa.ru\/wp-content\/uploads\/2020\/04\/ALROSA-Q1-2020-Trading-Update-IR-release-16-04-2020-F-ENG.pdf\" >reported<\/a> on Thursday diamond production of 8\u00a0m\u00a0carats in Q1\u00a02020, a 9% drop in comparison to the previous quarter, but 2% growth year-over-year.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Alrosa said the drop was due to lower production at the Aikhal underground mine and the Botuobinskaya pipe. The company attributed the 2% growth y-o-y to increased production at the Aikhal and Udachnaya underground mines. <\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> Diamond sales, excluding polished diamonds, increased up 15% by 1.2 m carats q-o-q to 9.4 m carats <\/p>\n<\/blockquote>\n<\/figure>\n<p>Diamond sales, excluding polished diamonds, increased up 15% by 1.2 m carats q-o-q to 9.4 m carats, with sales of gem-quality diamonds improving by 1.1 m carats to 7.1 m carats (up 19% q-o-q) amid a gradual recovery in diamond demand in the first half of Q1.<\/p>\n<p>Industrial diamond sales went up by 5% q-o-q to 2.4 m carats and accounted for 25% of Q1 sales.<\/p>\n<p>Gem-quality diamond sales were down by 10% year-over-year against the backdrop of the covid-19 spread starting mid-February while industrial diamond sales declined by 13% y-o-y.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/diamond-alrosa-1.png\" alt=\"\" class=\"wp-image-1020699\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/diamond-alrosa-1.png 901w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/diamond-alrosa-1-300x121.png 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/diamond-alrosa-1-768x309.png 768w\" sizes=\"(max-width: 901px) 100vw, 901px\" \/><\/figure>\n<p>Alrosa reported a <a rel=\"noreferrer noopener\" aria-label=\"60% fall in March sales (opens in a new tab)\" href=\"https:\/\/www.mining.com\/web\/alrosa-reports-60-sales-fall-as-coronavirus-hits-trade\/\" >60% fall in March sales<\/a> versus a year earlier, citing the spread of the coronavirus for the fall in demand.<\/p>\n<p>Sales of rough and polished diamonds totalled $904&nbsp;million in Q1. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales of rough and polished diamonds totalled $904 million.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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