Diamond demand ‘to boost Alrosa’s value’
Andrey Lobazov of Metropol was quoted by Bloomberg as saying in a report there will be "an upturn in global diamond demand", with China, India and the Middle East leading the way.
Mr Lobazov noted this, along with a forecast IPO in 2012, will help raise the value of Alrosa, which is responsible for nearly all of Russia's diamond output and hold 25 per cent of the global market in terms of value.
Earlier this week, the company said it expects total sales for 2010 to be higher than previously forecast at approximately $3.34 billon (£2.16 billion).
For the first nine months of the year, preliminary figures from the firm show it sold diamonds worth over $2.78 billion.
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