The IDEX Polished Price Index fell by 2.00 per cent in June, its biggest and bumpiest drop this year, and its steepest monthly decline since last September (3.07 per cent). It’s also almost double the near-straight line 1.02 per cent fall in May. There is, however, some glimmer of hope, namely that month-on-month drops this […]
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]]>Alrosa has been awarded the prestigious AAA(RU) credit rating by ACRA. This rating signifies the highest level of creditworthiness on the national scale, paired with a stable outlook, marking a first in Alrosa’s history. The AAA rating is a testament to Alrosa’s robust financial health, underpinned by its “AAA” standalone creditworthiness assessment (SCA). ACRA’s evaluation […]
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]]>Alrosa reported a 9 per cent increase in rough diamond sales in 2023, to $3.55bn, despite Western attempts to impose sanctions over its invasion of Ukraine. However net profit dropped 15 per cent to $939.3m, according to a Reuters report. Russia’s state-controlled miner has been largely unaffected by sanctions so far, but on 1 March […]
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