Rough

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De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2020.

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Production activity at the diamond-mining operations in Yakutia and the Arkhangelsk region is continuing as usual.

The following measures are being taken due to the pandemic threat:

- All business trips abroad are cancelled, while business trips in Russia are carried out only if absolutely necessary;

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Due to the public health restrictions on the movement of people and products in Botswana, South Africa and India, which prohibit customers from traveling and prevent the shipment of goods to customers’ international operations, De Beers Group will not hold its third Sight of 2020.

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Production activity at the diamond-mining operations in Yakutia and the Arkhangelsk region is continuing as usual.

The following measures are being taken due to the pandemic threat:

- All business trips abroad are cancelled, while business trips in Russia are carried out only if absolutely necessary;

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This first edition of the WDC News Update for 2020 sees the light of day in a world beset by great uncertainty.

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FINANCIAL RESULTS:

Revenue of US$182.0 million (US$267.3 million in 2018)
Underlying EBITDA from continuing operations of US$41.0 million (US$87.7 million in 2018)
Profit for the year from continuing operations US$15.0 million (US$52.4 million in 2018)
Attributable profit from continuing operations US$7.1 million (US$31.7 million in 2018)

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ALROSA hosted an analyst briefing where the company’s management discussed the key industry challenges faced in 2019 and how it managed to navigate through them, provided an update on most recent financial performance and progress regarding the implementation of its strategic initiatives

Managing through the Industry Challenges

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ALROSA, the world’s leader in diamond mining, has announced its IFRS financial results for Q4 2019 and FY 2019.

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Sarine Technologies Ltd has announced what it says is a revolutionary innovation – eGrading™ – self-executed polished diamond 4Cs grading by value-chain industry players (manufacturers, wholesalers and even retailers) on-site at their own facilities utilizing Sarine's AI-driven cloud-linked technologies.

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The tender in Antwerp realized US$ 7.8 million which is 18% below the like for like prices reached at the last small diamond tender held in November last year before the Covid19 economic crisis.

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