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Men Receive Lengthy Prison Sentences for 2023 Murder of Colorado JewelerCharles Robinson Shay was sentenced to life in prison plus 120 years while his accomplice, Michael James McCormack, got 75 years.
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Diamond Production Up 6 Percent for Alrosa
The mining company reported Thursday that production hit 38.3 million carats last year, which is a 6 percent increase compared with 2014.
Moscow--Alrosa reported that rough diamond production hit 38.3 million carats last year, which is a 6 percent increase compared with 2014.
The mining company attributed the growth to the development of the Mir and Udachny underground mines and the commissioning of the Karpinskaya-1 and Botuobinskaya pipes and other high-potential deposits.
The company also saw its reserves grow to 43.6 million carats in 2015.
Alrosa said rough diamond sales were up by 4 percent, despite the poor global diamond market conditions.
The miner said its current market capitalization now exceeds $6.12 billion.
In its forecast for the future, Alrosa said it predicts a “bright” outlook for the market, with demand starting to exceed supply after 2019.
Last month, Alrosa announced that revenue was up 8 percent in 2015 to $3.28 billion, due to a favorable market environment and the rouble’s depreciation against the dollar.
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