ALROSA and Gokhran of Russia have reached an agreement on the sale of a shipment of diamonds to the State Fund of Russia. The precious stones will be transferred to the Russian State Fund by the end of the year. This is stated in the company's message.
The batch of precious stones will include jewelry—quality diamonds of various color and quality characteristics, including the largest diamond mined in the country over the past 10 years, weighing 390 carats.
The deal is taking place against the background of a moderate increase in diamond prices in recent months, the report says.
ALROSA (INN 1433000147) is the largest diamond mining company. The main mining assets are located in the Republic of Sakha (Yakutia) and the Arkhangelsk region.
The shareholders are: on behalf of the Russian Federation — the Federal Agency for State Property Management — 33.0256%, on behalf of the Republic of Sakha (Yakutia) — the Ministry of Property and Land Relations of the Republic of Sakha (Yakutia) — 25.0002%, other legal entities and individuals (free circulation) — 33.9739%, district administrations (uluses) The Republic of Sakha (Yakutia), on the territory of which the joint—stock company operates - 8.0003%.
The profit of ALROSA shareholders under IFRS for the first half of 2024 decreased to 36.66 billion rubles from 56.84 billion rubles a year earlier (-35.5%). Sales revenue fell by 4.6% to RUB 179.47 billion from RUB 188.16 billion.
