Diamond Prices to be Flat this Year: ALROSA

Moscow: Alrosa’s CEO Andrey Zharkov believes that diamond prices will be flat this year, according to an Interfax news agency report.

Alrosa is basing its budget plan on an assumption that diamond prices will be unchanged, while output will increase by 5 percent on 2016.

He said the mining giant may also repay part of its debt ahead of schedule this year, the report added.