PodcastsJan 12, 2026
The latest poscasttest
SourcingJun 24, 2014
Alrosa reports 43 percent increase in Q1 sales
Russian diamond miner Alrosa saw revenue increase more than 40 percent in the first quarter, although net profit fell slightly year-over-year.
Moscow--Russian diamond miner Alrosa saw revenue increase more than 40 percent in the first quarter, although net profit fell slightly year-over-year.
The Moscow-based diamond mining and manufacturing company reported Tuesday that first quarter 2014 revenue increased 43 percent over first quarter 2013 to $1.66 billion, due to increased rough diamond sales and a weakening ruble.
EBITDA grew 1.6 times year-over-year to $772 million while EBITDA margin increased to 46 percent.
Net profit slid 3 percent to $180.4 million, mainly due to increased exchange rate loss as a result of the reevaluation of the dollar-denominated part of the company’s credit portfolio following the weakening of the ruble.
Free cash flow was up 2.5 times as compared with the same period last year due to increasing operating profit and sell-down of inventories.
“Positive market dynamics in Q1 2014 allowed Alrosa to deliver record-high financial results that have enable Alrosa capitalization growth of 20 percent since the SPO on MICEX in 2013,” CEO Fyodor Andreev said.
RELATED CONTENT: US investors buy up Alrosa IPO shares
Alrosa launched its initial public offering on the Moscow Interbank Currency Exchange, or MICEX, in October 2013.
It is the world’s largest diamond producer in volume terms and second largest in value terms, behind only De Beers.
The company is based in Moscow and Mirny, Russia and is owned by the Russian government, the Russian republic of Yakutia, where most of its mines are located, eight municipalities in Yakutia and by various minority investors.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
New Simon Campaign Invites Gen Z to ‘Meet Me At The Mall’The ads celebrate the mall culture of the ‘80s and ‘90s.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
WatchesOct 04, 2024
Watches of Switzerland Clocks Another Acquisition—HodinkeeThe company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
