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Alrosa Efficiencies Speed Journey from Mine to Trading Session

February 06, 22 by John Jeffay

(IDEX Online) - Alrosa says a series of new efficiencies are allowing its diamonds to be sold far sooner.

It has reduced the volume of work-in-progress inventories - diamonds that have left the processing plant but are not yet ready for sale.

A three-year streamlining program has shortened the journey from mine to trading session by around a third- between 15 and 25 days.

By the end of last year the volume of "work-in-progress" diamonds had been reduced by 4.3m carats to a record minimum of 8.4m carats.

The Russian miner said that since 2018 the improvements, including automated sorting, had released $320m from working capital.

It says it has introduced a raft of 300 efficiencies, half of them suggested by its sales staff.

"We will further automate sorting by developing a special software for smart management and process control," said deputy CEO Evgeny Agureev.

"We see further potential for improvements in this area which will help driving work-in-progress inventories even lower."

Pic courtesy Alrosa, shows diamond being manually sorted

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