YAKUTSK, March 31 (RIA Novosti) - Russia's largest diamond producer Alrosa [RTS: ALRS] said on Monday its diamond output increased 1.6% year-on-year to $2.37 billion in 2007.
Alrosa, which accounts for 97% of Russian and 25% of global diamond output, said rough diamond sales had exceeded target figures by $11.6 million, and cut diamonds by $9.6 million.
During 2007, prices of rough diamonds continued to grow amid high demand and restricted supply. However, the highest price growth was seen among large and premium quality diamonds, Alrosa said.
