Diamond Production Rises by 16% in Q2, Alrosa Reports

The miner's output for last year as a whole came to 34.4 million carats, indicating that the firm aims to keep production largely unchanged in 2013

Russian diamond mining giant Alrosa has reported a 16-percent increase in production on the year for the second calendar quarter to 9.627 million carats.

For the first six months of 2013, Alrosa said that output was up 5 percent on the same period last year at 17.105 million carats. The miner's output for last year as a whole came to 34.4 million carats, indicating that the firm aims to keep production largely unchanged in 2013.

The increase in production was led by its Aikhal underground mine hitting its target capacity, as well as by Alrosa's purchase of the OJSC Nizhne-Lenskoye operation, and better grades at its Jubilee pipe, the firm said.