Russia’s Alrosa Produces More Diamonds in Q1-Q3

Mining firm sees production rise in the January-September period.

Russia mining giant Alrosa reports production of 9.9 million carats of diamonds in the third quarter of this year, an increase of 9 percent compared to the prior year period.

And in the first nine months of this year, production climbed 6 percent on the year to 27.1 million carats.

"The increase in production was due primarily to the acquisition of the diamond mining company Nizhne-Lenskoye, an increase in ore grade at the Jubilee pipe and a higher output from the Mir underground mine," the mining firm said.

Alrosa is the largest diamond producer in the world in volume terms, and the second-largest by value.

In 2012, it produced 34.4 million carats of rough diamonds.