Alrosa Streamlines its Polishing Operations

By John Jeffay / October 26, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Alrosa is streamlining its manufacturing operations, which are currently run as three separate entities.The Russian state-owned miner says the creation of a single production framework will allocate diamond output more efficiently between three sites, and allow them to provide mutual back-up if the pandemic forces further closures.Between them they currently account for half of the country's polished diamond output.In May Alrosa has halted almost all its diamond cutting operations, saying there was no market because of COVID-19.Alrosa has a factory in Moscow that cuts larger stones and one in Barnaul, Siberia, for two-six grainers. They jointly sold over $95m of polished goods in 2018.In addition it recently acquired the Kristall factory, in Smolensk, which processes over 200,000 carats of rough diamonds a year."Our current priority is integrating all our cutting and polishing facilities into a single production framework," said Dmitry Amelkin, Alrosa's newly-appointed transformation director, who will oversee the consolidation.Pic shows Alrosa polishing operation

Recent News

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok