Alrosa to buy more Rough from Gokhran

By John Jeffay / August 08, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Alrosa is expected to top its dwindling stocks with more rough diamonds from Gokhran, Russia's state repository.Last month the miner bought about 70 per cent of the 1.02m carats, which were sold at auction for a total of $139.2m, according to the Interfax news agency.Alrosa has been warning of "a long period of supply deficit" in the rough market as consumer demand outstrips supply from the mines and the midstream battles acute shortages.Gokhran is to hold another auction from its stockpiles in September, offering 768,600 carats worth about $19m.It is making an increasing volume of diamonds available at is sales. In four previous auctions Gokhran sold 1.2m carats of rough diamonds for $67m.

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok