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Alrosa reports grim Q3 financials

The Russian diamond miner admitted conditions were tough but expressed hope markets would stabilise.

Staff Reporter
Alrosa has expressed hope that diamond supply and demand may stabilise soon following cross-market cuts to production

Alrosa has expressed hope that diamond supply and demand may stabilise soon following cross-market cuts to production

Alrosa reported a 20% decrease in revenue to RUB46 billion versus the previous quarter. Year on year, the picture was even worse, with a 35% decline in revenue blamed on lower sales and a higher share...

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